Hi :) Ahhh, that makes sense. HMRC are the Vat collectors for the Uk but the Swedish one is likely to have similar rules. Regards from Tom :)
>________________________________ > From: Tinkerer <j_taylo...@btinternet.com> >To: users@global.libreoffice.org >Sent: Monday, 15 July 2013, 19:38 >Subject: [libreoffice-users] Re: Visible currency rounding > > >Tom > >Let me put it another way. >Take the following sales: >50 items @ 1.37 VAT @20% = 68.50 VAT = 13.70 > >If the same items are sold separately, the VAT would be different. >1 item @ 1.37 VAT @ 20% = 0.274 for the VAT >This would be rounded to 27p and 50 x 0.27 = 13.50 >Rounding has caused a difference of 20p >When paying tax, you are required to pay what you have collected. >If you calculate as you suggest you may hand over more tax than you have >collected. >What I think he is looking for is a simple way of calculating the VAT due on >his total with each individual item rounded down and that cannot be done. >Each item has to be calculated, rounded down and then a total obtained for >the rounded figures. >HMRC take the view that VAT is payable on the total value of cash sales plus >the VAT calculated on Invoiced sales. >In my examples the VAT due would be 27.20 assuming that the 100 items sold >would consist of 50 invoiced and 50 cash >sales. > >Tink. > > > > >-- >View this message in context: >http://nabble.documentfoundation.org/Visible-currency-rounding-tp4065342p4065571.html >Sent from the Users mailing list archive at Nabble.com. > >-- >To unsubscribe e-mail to: users+unsubscr...@global.libreoffice.org >Problems? http://www.libreoffice.org/get-help/mailing-lists/how-to-unsubscribe/ >Posting guidelines + more: http://wiki.documentfoundation.org/Netiquette >List archive: http://listarchives.libreoffice.org/global/users/ >All messages sent to this list will be publicly archived and cannot be deleted > > > > -- To unsubscribe e-mail to: users+unsubscr...@global.libreoffice.org Problems? http://www.libreoffice.org/get-help/mailing-lists/how-to-unsubscribe/ Posting guidelines + more: http://wiki.documentfoundation.org/Netiquette List archive: http://listarchives.libreoffice.org/global/users/ All messages sent to this list will be publicly archived and cannot be deleted
