[GNC] UK VAT and "Making Tax Digital"

[Maf. King]

Hi Christopher,

Tanks for alerting me to the GST report

I've been wondering about MTD too. AIUI I'm OK for my return due in April, but 
I need to have something in place for the end of July.  My plan was to 
eventually select some bridging software, and feed it with numbers from my 
existing saved transaction reports that I've been using for many years to get 
the correct reporting totals.

That GST report looks like it might be just the thing to save an intermediate 
step of a spreadsheet to combine my reports into one list of totals to feed 
into the bridge.

my concerns at the moment is how compatible the bridging solutions are with 
Linux / Libre Office, and what a stupid idea it is to implement this at the same 
time as all the potential massive changes to the rules as a result of UK 
leaving the EU.

Maf.


On Sunday, 17 February 2019 00:35:03 GMT Christopher Lam wrote:
> Hi Peter,
> 
> May I ask what are you currently using to generate the VAT reports? Are you
> using the Income&GST statement?
> 
> Do you intend to use bridging software? If so the GST report could be
> upgraded to use them.
> 
> On Sun., 17 Feb. 2019, 05:55 Peter von Kaehne <refdoc at gmx.net wrote:
> > Hi,
> > 
> > We are using Gnucash very gratefully for now over a decade in our small
> > business. We are VAT registered.
> > 
> > The UK government has declared it requires from this year onwards VAT
> > businesses to go towards a complete digital solution with their tax
> > under new law called "Making Tax Digital". All tax records need to be
> > in a seamless electronic format from entering into books to filing with
> > the tax office. An API has  been offered
> > 
> > 
> > https://developer.service.hmrc.gov.uk/api-documentation/docs/api/service/v
> > at-api/1.0#_retrieve-vat-obligations_get_accordion
> > 
> > The main obstacle I can see for us right now is we have as far as I can
> > tell no way to file Tax returns from inside the programme.
> > 
> > 
> > https://www.gov.uk/government/publications/vat-notice-70022-making-tax-dig
> > ital-for-vat/vat-notice-70022-making-tax-digital-for-vat#para-3-2> 
> > I quote:
> > > Functional compatible software is a software program, or set of
> > > 
> > > software programs, products or applications, that must be able to:
> > >     record and preserve digital records (see paragraph 3.3)
> > >     provide to HMRC information and returns from data held in those
> > >     
> > >       digital records by using the API platform
> > >     
> > >     receive information from HMRC via the API platform
> > 
> > Is there anything you have in the pipeline? We can hardly be the first
> > or only who will have a problem...
> > 
> > Many thanks!
> > 
> > Peter
> > 
> > 
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at gnucash.org
> > To update your subscription preferences or to unsubscribe:
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> > If you are using Nabble or Gmane, please see
> > https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> If you are using Nabble or Gmane, please see
> https://wiki.gnucash.org/wiki/Mailing_Lists for more information. -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.


-- 
Maf. King
PGP Key fingerprint = 8D68 A91F 733B 2C1F 43B7  2B7C E591 E8E1 0DE7 C542