United Kingdom¶

Configuration¶

Install the UK - Accounting module to get the features of the UK localization.

Name	Technical name	Description
UK - Accounting	`l10n_uk`	CT600-ready chart of accounts VAT100-ready tax structure Infologic UK counties listing

Note

The UK accounting reports, the Making Tax Digital (MTD-VAT) submission to HMRC, the BACS payment files, the Construction Industry Scheme (CIS) deductions and monthly returns, and the Employment Hero payroll connector are not available in this edition. The VAT100 boxes can be reviewed in the tax report and submitted to HMRC through bridging software.

Chart of accounts¶

The UK chart of accounts is included in the UK - Accounting module. Go to Accounting ‣ Configuration ‣ Accounting: Chart of Accounts to access it.

Set up your CoA and import your initial balances as described in the chart of accounts documentation.

Taxes¶

As part of the localization module, UK taxes are created automatically with their related financial accounts and configuration.

Go to Accounting ‣ Configuration ‣ Settings ‣ Taxes to update the Default Taxes.

To edit existing taxes or to Create a new tax, go to Accounting ‣ Configuration ‣ Accounting: Taxes.