On Mon, 2011-08-08 at 10:15 -0700, Chris Travers wrote: > On Mon, Aug 8, 2011 at 8:34 AM, lrspares45 <[email protected]> wrote: > > > Each country has it's own VAT rate, so for the UK I just set the current > > rate in taxes, and use the 'start date' for changes. This seems to work > > ok. > > Ok. What goods and services are taxable at what rates are also set by > the country, right?
Yes, e.g childrens clothes and books are VAT-free in the UK, and gas/electricity are at a separate 5% rate. For 'Parts' I just use the tick-boxes, having set up an additional 'VAT 0%' and 'VAT-5%' tax > > > > If sending goods to other EU countries, UK VAT is charged at the usual > > rate, unless the customer provides a VAT number, in which case the goods > > are supplied VAT-free, but sale has to be recorded on a supplemental VAT > > form. > > Is this a cash-basis form like the 1099 form in the US? or is it > accrual basis? In other words, if you make the purchase at the end of > one year and pay for it the next year, which year do you report it on? > > I ask because in LedgerSMB 1.3 we have the ability to track purchase > items that have to be recorded on a customer or vendor-specific tax > form. Right now the only tax form supported is the US 1099 form, but > the reporting could be modified to provide similar reporting of line > items for other forms. As far as I'm aware, VAT is all based on invoice date (receipt for a shop), not actual payment. > Helps a great deal. Cheers. > > Best Wishes, > Chris Travers > > ------------------------------------------------------------------------------ > BlackBerry® DevCon Americas, Oct. 18-20, San Francisco, CA > The must-attend event for mobile developers. Connect with experts. > Get tools for creating Super Apps. See the latest technologies. > Sessions, hands-on labs, demos & much more. Register early & save! > http://p.sf.net/sfu/rim-blackberry-1 > _______________________________________________ > Ledger-smb-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users ------------------------------------------------------------------------------ BlackBerry® DevCon Americas, Oct. 18-20, San Francisco, CA The must-attend event for mobile developers. Connect with experts. Get tools for creating Super Apps. See the latest technologies. Sessions, hands-on labs, demos & much more. Register early & save! http://p.sf.net/sfu/rim-blackberry-1 _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
