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I read the article by Maffi this morning and thought a response was appropriate.
The point about using Excel as an aid to reporting is a bit 'teaching granny to suck eggs' and certainly here at Oxley have been using various spread-sheets for this purpose for over 8 years. The time consuming aspect is transferring the actual sales from paper onto the s/s accurately, plus keeping the various variables (buying in price, selling price, 2 VAT rates and fuel duty changes) up to date. Also the monthly RDCO report that we submit to HMRC is in a CSV format that is very pedantic so must be scrutinised carefully before submission. The VAT report/payment is generally taken care of in the normal business accounts but with the two differing VAT rates requires extra 'columns' and vigilence to avoid inaccuracies and the inevitable visit from the 'VAT man'!
The main thrust of my earlier article however was the load on cash-flow that the buying-in VAT rate and the selling VAT rate difference creates. The complexity of the recording, reporting and settling the HMRC requirements only compounds this.
I can only speak for our attitude to customers and we always try to go that extra mile to give customers the service that they need and expect. What I, and others cannot do is go bankrupt if we can avoid it. If the business cannot sustain selling red diesel then I won't!
Orph
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