VAT

[Aldous Everard]

I think tax tables may help. Are you using these?  If I understand you
correctly you want to put VAT already paid on purchases into negative
liability accounts.  if you set one up for 7.6% going to one account,
and another for 2.4% rate of tax, so

Liabilities _ VAT _ Input __ 7.6% Rate
                          |_ 2.4% Rate

have a feeling this is only half the story, but I've got a bus to catch.

Good luck
Alodus

On Thu, 2003-08-14 at 16:01, Zeno R.R. Davatz wrote:
> Ok thanks.
> 
> But I still do not understand or know how to add up all my accounts with VAT of 7.6% to one account, that just gives me the VAT. At the moment I just have singel accounts for every item that got a different VAT.
> 
> tia
> Zeno
> 
> On 14 Aug 2003 14:37:09 +0100
> Aldous Everard <aldous at hypercubesystems.co.uk> wrote:
> 
> > On Thu, 2003-08-14 at 13:18, Zeno R.R. Davatz wrote:
> > > Thanks for the hint.
> > > 
> > > What I did not find out so far is, how I can sum up all my different expense accounts that have VAT and then extract only the VAT I have to pay to my government?
> > > 
> > > TIA
> > > Zeno
> > 
> > Ah, yes, the UK VAT return box numbers are:
> > 
> > 1 - VAT due in this period on sales and other outputs
> > 2 - VAT due in this period on aquisitions from other EC Member States
> > 3 - Total VAT due (sum of boxes 1 and 2)
> > 4 - VAT reclaimed in this period on purchases and other inputs (inc.
> > aquis. from the EC)
> > 5 - Net VAT to be paid to Customs or reclaimed by you (Diff. between
> > boxes 3 and 4)
> > 
> > 6 - Total value of sales and all other outputs excluding any VAT.
> > Include your box 8 figure
> > 7 - Total value of purchases and all other inputs excluding any VAT.
> > Include your box 9 figure
> > 8 - Total value of all supplies of goods and related services, excluding
> > any VAT, to other EC Member States
> > 9 - Total value of all aquisitions of goods and related services,
> > excluding any VAT, to other EC Member States
> > 
> > phew, that should tie it together hopefully.  The answer to your
> > question is box 5
> > 
> > Aldous
> > 
> > 
> > > 
> > > On 14 Aug 2003 12:46:19 +0100
> > > Aldous Everard <aldous at hypercubesystems.co.uk> wrote:
> > > 
> > > > On Tue, 2003-08-12 at 09:02, Zeno R.R. Davatz wrote:
> > > > > Hi List
> > > > > 
> > > > > I am new to GnuCash.
> > > > > 
> > > > > My question is:
> > > > > Does GnuCash have any functions to support VAT on an account basis? In Switzerland you have different VAT taxes (2,4% and 7.6%). I would need to set the VAT-Tax for each account separatly. I also need this function for my quaterly payments to the government ;-(
> > > > > 
> > > > > Thanks for your feedback.
> > > > > 
> > > > > Zeno
> > > > 
> > > > I recently set up accounts with VAT (in the UK), which seem to work so
> > > > far.  I had very little idea when I started setting them up, but used
> > > > this thread which was current at the time:
> > > > http://lists.gnucash.org/pipermail/gnucash-user/2003-July/007414.html
> > > > It stood me in good stead, so I recommend having a look at it.
> > > > 
> > > > hth
> > > > Aldous
> > > > 
> > > > 
> > > > 
> > > 
> > 
> > 
>