Hi. Taking a look round the system and just wondered how it can produce an RTD report if there’s no where to specify if a purchase is used in the business or resold? Have I missed something? Thanks, Sam
Hi. Taking a look round the system and just wondered how it can produce an RTD report if there’s no where to specify if a purchase is used in the business or resold? Have I missed something? Thanks, Sam
The RTD return has been in law a long time but usually ignored.
Revenue are focusing on it this year but have agreed it's a mess.
We don't have a workflow for RTD. I doubt any product does.
Invoices/Bills might contain multiple vat amounts. For example your phone line rental has a different vat rate to your calls but they're on the same bill.
You can export all the bill/inv information. That export won't contain line item data, nor supplier country data (although that info is captured in the invoices and client data).
So we suggest that you export bills/inv's and use a filter to group the clients/suppliers that call into the Vat RTD return category.
From that you can look for those items using the search in Bullet and get the exact vat breakdown.
Well add that data into the exports to make it easier over the coming weeks. But, we won't be building a workflow for VatRTD.
Hope that helps.
What we have available is there now.
We'll have a look at the receipts and include that in the review.
We spent about 3mts working on a RTD workflow. But the lack of demand meant we dropped it. Building a report is the same effort as a return.
But well work on making it easier. This is the first vat period in 5yrs where we're starting to get calls about it.
Thanks for sticking with bullet. We're trying to make the RTD better.