Paul The Tax table will not change and will affect the full value in the invoice. You need to create a separate transaction to effect the Flat VAT, by Dr tax payable £2 and Cr income £2
Saludos Cordiales Murugan ________________________________ From: gnucash-user <[email protected]> on behalf of Paul W via gnucash-user <[email protected]> Sent: Friday, December 23, 2022 2:27 PM To: [email protected] <[email protected]> Subject: [GNC] UK Flat Rate VAT There's a few posts about this subject but I can't find any that provide a solution. I'd like to know how to account for UK Flat Rate VAT. EgInvoice: £1000+ VAT @ 20%: £200Invoice Total: £1200 Flat Rate VAT @ 16.5% of invoice total is paid to the government: £198The remainder is added to income: £2 Than you, Paul _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- 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 [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
