1 Reply by Hirum

(27 replies, posted in Setup)

Thanks @kvvaradha

Whether I will be able to learn the skills is another matter

I am going to start by following another post.

https://frontaccounting.com/punbb/viewtopic.php?id=7123

But in the meantime are there are any VAT users reading this who have developed a way to identify VAT transactions entered using a date from a previously reported VAT period but not included in that periods VAT return, it would be really interesting to hear if anyone has a way to spot late entries to include in the following period. (allowed up to a certain level by UK tax authorities)

Also, does anyone run a "check report" of any kind on their VAT entries. For example if the standard VAT rate is 20% the report would "flag" entries which didn't seem to match that calculation because of user input error.

These are all things the tax regime is trying to see built into the system.

simple really - at least in the mind it is !

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2 Reply by Hirum

(27 replies, posted in Setup)

Sorry, pasted an earlier link instead of the VAT Customer Journeys

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/668753/Addendum_to_VAT_Notice_on_Making_Tax_Digital_for_VAT.pdf

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3 Reply by Hirum

(27 replies, posted in Setup)

Again Thank you Karur

Somebody else coming in often encourages me to dig deeper.

I have now found this

https://developer.service.hmrc.gov.uk/api-documentation/assets/content/documentation/446270b81ad1b6e7e27d4592afdba771-mtdfb-vat-guide-for-vendors.pdf

Not sure if its going to help me, or anyone else, but I do hope so.

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4 Reply by Hirum

(27 replies, posted in Setup)

Thank you Karur

I have also started to read

https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat/vat-notice-70022-making-tax-digital-for-vat

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5 Reply by Hirum

(27 replies, posted in Setup)

Just realized some of our overseas suppliers are going to be effected.

In fact what am I saying - of course any business hoping to do business with UK customers and are over the threshold are all going to need this feature.

"Overseas businesses that have UK taxable turnover in excess of the UK VAT registration threshold will be subject to the requirements of MTD for VAT as outlined above."   - source www.tax.org.uk

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6 Topic by Hirum

(27 replies, posted in Setup)

Institute of Chartered Accountants states "Businesses and landlords will be required to use commercial software to maintain their records and to update HMRC quarterly, starting with VAT." source https://www.icaew.com/en/technical/tax/making-tax-digital/mtd-for-businesses

Talk about red rag to a bull.

I am more now than happy using PHP and MYSQL with Drupal so would love to move away from "commercial software" so now would be a great time to try FrontAccounting if it can handle the VAT in europe and UK.

https://developer.service.hmrc.gov.uk/api-documentation/assets/content/documentation/446270b81ad1b6e7e27d4592afdba771-mtdfb-vat-guide-for-vendors.pdf

The above link is all about the API requirements as online manual submission of VAT returns will no longer be allowed or possible after April 2019, which could mean that there would no longer be any FrontAccounting users left in Europe after that date!!!!

I am willing to help anyway I can but do not have coding experience.

Is anyone using in UK/Europe at the moment ? and has any progress been made on the API

Hoping to read lots of fresh posts on this topic.

DAV

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7 Reply by Hirum

(24 replies, posted in FA Modifications)

Dear Joe, Deven and Janusz

This is the best discussion I have ever seen on an open source accounting package on the topic of UK VAT.

As a Sage user since 1986 I would love to have an accounting solution to run on linux but have yet to even find one I feel worth trying, until now !

I feel a UK setup script would be a fantastic development for FA.

Thanks for giving me hope.

Dave

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