I have to support this also. Just last week I had HMRC pay me a visit and
they poured over the VAT detail. The volume of VAT going through my company
is not large, but nevertheless they gave it significant scrutiny.
This morning I found an old invoice that displayed the VAT-exempt amount in
AR->Reports->AR Transactions, but when I opened it up there was VAT added
onto the total. A repost fixed the problem but how many more are like that I
wonder?
HMRC are ruthless so for the UK and EU it is vital that LSMB handles tax
properly.
On Tue, Sep 16, 2008 at 12:58 PM, beamends <[EMAIL PROTECTED]> wrote:
>
>
> I know these aren't new things, but for myself, and I suspect many UK
> users, I'd really love to see the VAT (GST etc) sorted out and the
> numbers for the VAT form presented in a "report" (sorry to harp on
> about VAT, but correct returns to Customs & Excise in the UK are
> *VITAL*. I really can't emphasise enough that they assume any errors
> are fraud and sorting out problems has killed many, many businesses).
>
> Also a button to do a stock (inventory) valuation, required for
> end-of-year but also to make it far more practical to import large
> opening stock.
>
> On the new services, payroll would be good - though another nightmare
> requiring country specific modules I expect - or linking with an
> existing payroll system.
>
> Cheers
> Richard
>
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