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Coming soon: gnucash 1.8

Posted Dec 5, 2002 15:00 UTC (Thu) by mcatkins (guest, #4270)
Parent article: Coming soon: gnucash 1.8

One thing that hasn't been mentioned, as far as I've seen, is
that until gnucash supports VAT, it won't be even on the list for
consideration for most companies here in Europe. This is *much*
more important for me than, say, payroll.

I am, of course, assuming that VAT hasn't been added in this new
release - but it isn't mentioned in the review :-)

I just wish *I* had time to add it... :-(

Martin

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WHAT IS VAT?

Posted Dec 5, 2002 16:20 UTC (Thu) by smoogen (subscriber, #97) [Link]

Sorry for the lack of info in a post ,but what is VAT?

WHAT IS VAT?

Posted Dec 5, 2002 16:31 UTC (Thu) by a9db0 (subscriber, #2181) [Link]

VAT is the acronym for Value Added Tax, which is levied widely across Europe.

WHAT IS VAT?

Posted Dec 6, 2002 14:24 UTC (Fri) by nowster (subscriber, #67) [Link]

Sales tax, which unlike in the US, is the "label price" of a product.

Businesses can recover the VAT they pay for goods and services against the VAT they pay to the tax man on goods and services that they sell.

Coming soon: gnucash 1.8

Posted Dec 11, 2002 23:26 UTC (Wed) by Wilddev (guest, #8514) [Link]

I'm not sure if VAT has additional requirements over the US state tax requirements, but it should be very easy with the new small business module to track VAT.