Good morning,
I have one question related with accounting/invoicing cloud software's and the VAT Return.
Is there any obligation from HMRC to the software houses related with their type of software in matters like double-entry bookkeeping vs single-entry bookkeeping?
It's mandatory the presence of a chart of accounts?
In practice, can a software house with single entry bookkeeping and without chart of accounts have the VAT Return into their software and their clients could deliver it directly to HMRC?
I hope that you can help me on that.
Many thanks.
I have one question related with accounting/invoicing cloud software's and the VAT Return.
Is there any obligation from HMRC to the software houses related with their type of software in matters like double-entry bookkeeping vs single-entry bookkeeping?
It's mandatory the presence of a chart of accounts?
In practice, can a software house with single entry bookkeeping and without chart of accounts have the VAT Return into their software and their clients could deliver it directly to HMRC?
I hope that you can help me on that.
Many thanks.