[GNC] VAT Reporting

[Christopher Lam]

Hi Laurel

Quarterly VAT reports are a breeze if your VAT collected/paid accounts are
set up as liability/asset accounts. Use the "Income & GST Statement" report
present in version 3.0 and above, select income & expense accounts and your
VAT accounts.

You'll probably wish to select 'start of last quarter' to 'end of last
quarter' in the date filter. Each transaction found is analysed; the
sales&purchases, and the VAT parts are pulled out, and reported and summed
- either into each account, or per amount type
(sales/purchase/vat-sales/vat-purchases). To that matter, if you have EC
sales you'll need separate EC VAT liability accounts which can be reported
separately.

MTD is another issue altogether and there is no inbuilt solution. Unless
someone creates a built-in MTD bridge, your best bet for now is to find a
suitable HMRC VAT bridging software, and plug the amounts obtained above.

Good luck, ask any questions!

On Thu, 25 Apr 2019 at 15:44, Laurel Brunner <lb at digitaldots.org> wrote:

> Dear Helpful people,
>
> How do I produce quarterly VAT reports from Gnucash?
>
> I did it once before for the previous quarter and crosschecked it with a
> manual accounting of the VAT. And it worked, but I cannot remember how I
> did this, and cannot find any help online.
>
> Also, have you done anything to support the UK government’s mandate that
> VAT returns are filed automatically: Making Tax Digital?
>
> Many thanks.
>
> -Laurel.
>
> Laurel Brunner
> Digital Dots Limited
> The Clock Tower
> Southover
> Spring Lane
> Burwash
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> UK
>
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