[GNC] Accounts for UK Vat need updating since the UK left the European Union
Maf. King
maf at chilwell.net
Wed Nov 23 01:04:51 EST 2022
On Tuesday, 22 November 2022 12:38:52 GMT Dr. David Kirkby wrote:
> One of the account types I can select in GnuCash is UK VAT records. There
> are bits in there about "EU Reverse VAT Purchase" and "All, including zero
> rate UK/EU and World (Box 1)" These have no longer relevant as the UK left
> the European Union (EU), and the EU is treated no differently from anywhere
> else outside the UK.
>From my limited grasp of the UK VAT system, ISTR that the boxes on the VAT
return that used to refer to "trade with the EU" now refer to "Trade with
Northern Ireland"
Maybe the accounting structures should remain, but reflect the "current" NI
protocol.... I really don't know what that is "on the ground", it is a long
time since I had a NI customer!
Maf.
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