On 28 May 2008, at 08:41, Luke wrote: > On Wed, 28 May 2008, [EMAIL PROTECTED] wrote: >> Quoting Stroller <[EMAIL PROTECTED]>: >> >>> I did a "starting your own business" course at the local Chamber of >>> Commerce before I became self-employed 3 or 4 years ago, and my >>> understanding at that time was that invoice numbers had to be >>> *unique*, rather than consecutive. >> >> I was told this by my accountant. The tax trolls get very unhappy if >> they perceive gaps in your numbering (what are you hiding in the >> gaps, >> you traitor?). I'll ask him again when I see him. > >> From the web site: > > http://www.hmrc.gov.uk/vat/records-valid-invoice.htm > > We get this: > > " > How VAT sales invoices must be numbered > > You must number your sales invoices in sequential order. If you > spoil > or cancel a serially numbered invoice, you must keep it to show > to a > VAT officer at your next VAT inspection. > "
Not all UK businesses are VAT registered, however. VAT is the equivalent, I think, of US sales tax, and one is only obliged to be VAT registered if one has a turn over in excess of (approximately) $100,000 per year. The accounting and reporting requirements for non-VAT-registered businesses are - in general - much less strict. Stroller. ------------------------------------------------------------------------- This SF.net email is sponsored by: Microsoft Defy all challenges. Microsoft(R) Visual Studio 2008. http://clk.atdmt.com/MRT/go/vse0120000070mrt/direct/01/ _______________________________________________ Ledger-smb-users mailing list Ledger-smb-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
