Evening. Just trying out Bullet. Like it so far. First question:Error message says: "Cannot pay tax before due You cannot pay a tax return before it is due’

Evening. Just trying out Bullet. Like it so far. First question:Error message says: “Cannot pay tax before due  You cannot pay a tax return before it is due’

1 answer

Peter Connor Staff May 29, 2016
Public

Great.

#answer-3408
  1. ronhealyx1 May 29, 2016
    Actually, I can. And I regularly do.
  2. ronhealyx1 May 29, 2016
    I pay my VAT in advance and then pay a Supplement. Any idea how I record that?
  3. ronhealyx1 May 29, 2016
    I also do the same for P30 taxes...
  4. Peter Connor May 29, 2016
    So your invoice based?
  5. ronhealyx1 May 29, 2016
    Not sure. Basically, I submit a VAT return in mid if 2nd month and pay it. I then recalculate at end of 2nd month and and supplementary payment if needed
  6. ronhealyx1 May 29, 2016
    That's not the issue. The issue is that the system won't allow recording of a payment in advance, saying it is not allowed, when it is.
  7. Peter Connor May 29, 2016
    Ok. So regrading Vat. 99% of small business pay their VAT on a cash received basis as in when the payment hits your bank account, not on a invoice basis as in when you invoice the person you've to pay the Vat prior to getting paid. Cash basis is better for cash flow.
    The accounts are setup for cash basis but we can convert it for invoice basis you'll need to ask revenue which one you are.
    Regarding payments are you taking about a bill or paying Vat.
  8. ronhealyx1 May 29, 2016
    OK. Just to summaries (and maybe avoid confusion), I submit my VAT and runs in advance. That's allowed by Revenue. I also pay them in advance, which is also allowed. So, question is as follows
  9. ronhealyx1 May 29, 2016
    VAT for Jan-Feb is due in Mar. However, I pay it in late Feb (voluntarily). My P30 taxes are due either monthly or quarterly. I pay them monthly, in advance of even the monthly due date,
  10. ronhealyx1 May 29, 2016
    So, can I record these payments in advance of official due dates? The system says I can't. Revenue says I can (and I do)
  11. Peter Connor May 29, 2016
    It's sounds like invoice basis let me check.
  12. ronhealyx1 May 29, 2016
    No. That's not the issue. Don't get hung up on the VAT basis. It doesn't affect the P30 taxes.
  13. ronhealyx1 May 29, 2016
    The simple question is, can I record a payment for ANY taxes that was made on a date in advance of when. The taxes were officially due...?
  14. ronhealyx1 May 29, 2016
    It's not on any 'basis'. It's just what I choose to do
  15. Peter Connor May 29, 2016
    No. Sorry.
  16. ronhealyx1 May 29, 2016
    OK. Thanks. From a user feedback perspective, you might want to add that to your product roadmap
  17. ronhealyx1 May 29, 2016
    Also, the ability to record multiple payments against a single VAT or P30 period (which is also permitted)
  18. Peter Connor May 29, 2016
    Hi Ron, we setup Bullet to be simple. You can do anything you want using Manual Journal Entries.
    Everything else is handled by workflows, they're built for 99% of people who use Bullet. They only pub their tax when they have too grinning
    In the top right you'll see 'accountant & reports' you'll find manual journal entire there.
    Everything else in the product has the accounting logic built into the workflow. Those workflows can't be changed.
    But, the MJE will let you bypass them. Which should let you do as you wish. I'm not sure you'll be able to use our automated tax returns though. But, I'll check and get back to you.
  19. ronhealyx1 May 29, 2016
    Thanks for the clarification / explanation. Have a good one. I'm going to watch the rest of the football now
  20. Peter Connor May 29, 2016
    Hi Ron,
    As you've already figured out, Bullet won't let you record the payment before the end date of the tax period. Primarily this is to stop people submitting a return, and then finding they need to submit an amended return because of late arriving payments or bills.
    Once the tax period has ended, you can mark the period as paid in Bullet. When marking it as paid, you can pick any date you wish for the actual payment date, so you could select the day you actually paid the return.
    On the multiple part payments for VAT, generally Revenue will only accept partial payment if you've previously agreed that with them, so our general workflow expects (and encourages) the full amount to be paid. You can always use manual journal entries to amend your accounts to what was actually paid and when.
    John.
  21. ronhealyx1 May 29, 2016
    Thanks for the follow up.
    I'm impressed with the product, and I completely understand the workflow-driven approach to it.
    I've been a consulting Business Analyst in software and systems design, particularly in user-centric scenarios that are heavily compliance & Regulatory focused, for a long time and, before that, I was a Lecturer in Ux & UI design, so I'm not easily impressed. The Bullet offering, from what I've seen so far, is quite intuitive and accessible.
  22. Peter Connor May 29, 2016
    Thanks Ron. We're always happy to get feedback (both good and bad), so let us know anything you think we could make better.

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