[GNC] VAT Reporting

[Maf. King]

On Monday, 6 August 2018 14:27:29 BST Peter Bruty wrote:
> Hi Guys
> I am looking at Gnucash to replace my old Quicken accounts system which is
> dying.
> I run accounts for a local sports club in the UK. We are VAT (Value Added
> Tax) registered so need to submit quarterly VAT returns. My quicken account
> has a VAT report feature both as a summary and Detail. I cannot find
> anything in Gnucash that gives me this function.
> Can you help me please. How is VAT reporting done in Gnucash please.
> 

Hi Peter,

I use some saved transaction reports to generate the required box totals for 
the VAT return.  I can offer you more advice about setting up account trees 
etc. if you need it later on

But...before you invest loads of time in learning GC, I suggest that you bear 
in mind the change to the VAT return system that is coming up from April (MTD 
- Making Tax Digital  (or Difficult.  YMMV)).  

The status of GC in this regard is presently not clear, and it may not be 
possible to use GC to generate figures to send to HMRC next year.

best regards,
Maf.