Monday 15 December 2008

Impact on reporting

If you've changed the VAT rate in a system by over-typing, as distinct from setting up a new rate, there's a key risk. VAT figures and associated revenue and costs prior to 1 December could get re-calculated.

Worth checking - what impact has there been in:
  1. VAT reporting in core transaction system(s)?
  2. Reporting in spreadsheets and other user-written systems?

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