Re: [libreoffice-users] Re: Visible currency rounding

HI!

You are right. I think the rules is simular in Sweden. I think this 
tradition to have the rounded sum on the invoice is to make it easier during 
accounting. But this is not the motivation to make this to complicated. Many 
invoice in Sweden today has no visible currency rounding.

So, I think I will change this to just delete all decimals of all sums in 
the bottom of the invoice.

Thanks for all help!

Regards,
Marino


-----Ursprungligt meddelande----- 
From: Tom Davies
Sent: Tuesday, July 16, 2013 2:21 AM
To: Tinkerer ; users@global.libreoffice.org
Subject: Re: [libreoffice-users] Re: Visible currency rounding

Hi :)
Ahhh, that makes sense.  HMRC are the Vat collectors for the Uk but the 
Swedish one is likely to have similar rules.
Regards from
Tom :)





> ________________________________
> From: Tinkerer <j_taylor18@btinternet.com>
> To: users@global.libreoffice.org
> Sent: Monday, 15 July 2013, 19:38
> Subject: [libreoffice-users] Re: Visible currency rounding
>
>
> Tom
>
> Let me put it another way.
> Take the following sales:
> 50 items @ 1.37 VAT @20% = 68.50 VAT = 13.70
>
> If the same items are sold separately, the VAT would be different.
> 1 item @ 1.37 VAT @ 20% = 0.274 for the VAT
> This would be rounded to 27p and 50 x 0.27 = 13.50
> Rounding has caused a difference of 20p
> When paying tax, you are required to pay what you have collected.
> If you calculate as you suggest you may hand over more tax than you have
> collected.
> What I think he is looking for is a simple way of calculating the VAT due 
> on
> his total with each individual item rounded down and that cannot be done.
> Each item has to be calculated, rounded down and then a total obtained for
> the rounded figures.
> HMRC take the view that VAT is payable on the total value of cash sales 
> plus
> the VAT calculated on Invoiced sales.
> In my examples the VAT due would be 27.20 assuming that the 100 items sold
> would consist of 50 invoiced and 50 cash
> sales.
>
> Tink.
>
>
>
>
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