How does bullets handle the vat – Free Online Small Business Accounting Software Questions & Answers
I am a small one man band LTD company and have been playing around with bullet today and i really like the system but have a question regarding EU Purschases and sales
I buy some products from the EU and UK without vat and we also sell some products to vat registered companies in the UK and EU and are wondering can bullet handle these transactions with 0 rated vat and have the numbers correct in the vat return
Can bullet also handle the yearly Vat RTD returns
I’ll get John to add a comment on the Zero VAT purchases.
We had looked at building the RTD return and indeed had completed about 60% of it, but we decided not to go any furture with it because most people don’t do the return, just ignore it.
So there wasn’t a big enough market for it.
I’ll get Johnny to answer your other question.