[GNC] Production of UK VAT reports

[David Cousens]

Edward,

This is probably worth a new feature request in the bug reports  as VAT/GST
now applies in many jurisdictions. It may take some time for someone to
tackle the problem. It would require an additional flag on each transaction
which may involve considerable recoding.

One possibility for a short term workaroundwould be to use the reconciled
flag on your tax accounts to signal whether or not the tax has been included
in previous returns or not. You would not normally reconcile your tax
accounts against any external statement.  The trick would be fiddling the
starting and end balances when you run the reconcile procedure as you will
not have an end balance from a statement. The starting balance will be
determined by the transactions you have reconciled and the end balance can
be edited from the main reconcile window while you are doing a
reconciliation.  transactions from previous periods and future periods which
have not been reconciled do show up in the reconciliation window so thay are
accessible to mark. I would put a note in the memo flagging any transactions
which were not included in the return for the period they are posted in
indicating which return they were corrected in

This would at least give you a process to mark transactions. You can then
open the transactions from the tax account registers and determine the
amounts for the corrections to your return from the splits for each
transaction. You would then rerun the reconciliation on your VAT accunts to
flag these transactions once you have included them.

OK if you only have a relatively small number of rogue transactions each
reporting period, but not if you have a high turnoverand a significant
number.

David




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David Cousens
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