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[ADD] l10n_uk: add MTD info for individuals #18608

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[ADD] l10n_uk: add MTD info for individuals #18608

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3 changes: 3 additions & 0 deletions content/applications/finance/fiscal_localizations/turkiye.rst
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Original file line number Diff line number Diff line change
Expand Up @@ -28,6 +28,9 @@ The following modules are installed automatically with the Turkish localization:
* - :guilabel:`Türkiye - e-Irsaliye (e-Dispatch)`
- `l10n_tr_nilvera_edispatch`
- Enables the generation and upload of e-Dispatch files
* - British Intrastat Declaration
- l10n_uk_intrastat
- **[insert description]**

Additionally, the following modules must be manually :ref:`installed <general/install>` in order to
use the :ref:`localizations/turkiye/nilvera` for managing electronic documents:
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122 changes: 111 additions & 11 deletions content/applications/finance/fiscal_localizations/united_kingdom.rst
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Expand Up @@ -4,19 +4,20 @@ United Kingdom

.. _localization/united-kingdom/modules:

Configuration
=============
Modules
=======

:ref:`Install <general/install>` the :guilabel:`UK - Accounting` and the :guilabel:`UK - Accounting
Reports` modules to get all the features of the UK localization.
The following modules are installed automatically with the localization package for the United
Kingdom:

.. list-table::
:header-rows: 1
:widths: 25 25 50

* - Name
- Technical name
- Description
* - :guilabel:`UK - Accounting`
* - :guilabel:`United Kingdom - Accounting`
- `l10n_uk`
- - CT600-ready chart of accounts
- VAT100-ready tax structure
Expand All @@ -28,17 +29,32 @@ Reports` modules to get all the features of the UK localization.
* - :guilabel:`UK BACS Payment Files`
- `l10n_uk_bacs`
- Allows generating :ref:`localization/united-kingdom/BACS-files` for bill and invoice payments

Additionally, the following modules can be manually :ref:`installed <general/install>` in order to
complete the various workflows that they relate to:

.. list-table::
:header-rows: 1
:widths: 25 25 50

* - Name
- Technical name
- Description
* - :guilabel:`UK - Construction Industry Scheme`
- `l10n_uk_reports_cis`
- - Allows sending the Monthly return to |HMRC|
- - Allows sending the monthly return to |HMRC|
- CIS Deduction (GB) report for UK construction industry
* - :guilabel:`UK - HMRC API`
- `l10n_uk_hmrc`
- Includes the |HMRC| basics.
* - :guilabel:`British Intrastat Declaration`
- `l10n_uk_intrastat`
- **[insert description]**

.. note::
- Only UK-based companies can submit reports to HMRC.
- Installing the module :guilabel:`UK - Accounting Reports` installs all two modules at once.
- Installing the module :guilabel:`UK - Accounting Reports` automatically includes the
:guilabel:`United Kingdom - Accounting` module during installation.
- The :guilabel:`UK - Construction Industry Scheme` module automatically includes the
:guilabel:`UK - HMRC API` module during installation.

Expand All @@ -47,6 +63,19 @@ Reports` modules to get all the features of the UK localization.
- `Overview of Making Tax Digital
<https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital/>`_

Localization overview
=====================

The localization package for the United Kingdom provides the following key features to ensure
compliance with local fiscal and accounting regulations:

- :ref:`localization/united-kingdom/chart-of-account`: a predefined structure tailored to the UK's
accounting standards
- :ref:`localization/united-kingdom/taxes`: pre-configured tax rates, including standard VAT, zero-rated,
and exempt options
- :ref:`localization/united-kingdom/digital-tax`: integration with HMRC via an :abbr:`API
(application programming interface)` connection for eased tax submission

.. _localization/united-kingdom/chart-of-account:

Chart of accounts
Expand All @@ -55,9 +84,12 @@ Chart of accounts
The UK chart of accounts is included in the :guilabel:`UK - Accounting` module. Go to
:menuselection:`Accounting --> Configuration --> Accounting: Chart of Accounts` to access it.

Setup your :abbr:`CoA (chart of accounts)` by going to :menuselection:`Accounting --> Configuration
--> Settings --> Accounting Import section` and choose to :guilabel:`Review Manually` or
:guilabel:`Import (recommended)` your initial balances.
Set up your :abbr:`CoA (chart of accounts)` by going to :menuselection:`Accounting --> Configuration
--> Settings`, scroll to the `Accounting Import` section and choose to :guilabel:`Review Manually`
or :guilabel:`Import (recommended)` your initial balances.

These accounts can be edited and additional accounts can be :ref:`created <chart-of-account/create>`
if needed.

.. _localization/united-kingdom/taxes:

Expand All @@ -82,8 +114,14 @@ Configuration --> Accounting: Taxes`.
.. _localization/united-kingdom/digital-tax:

Making Tax Digital (MTD)
------------------------
========================

MTD regulations are different for :ref:`sole traders and landlords
<localization/united-kingdom/individuals>` (including both UK landlords and foreign landlords)
versus :ref:`businesses <localization/united-kingdom/businesses>` (ranging from micro entities to
large companies).

**to delete?:**
In the UK, all VAT-registered businesses have to follow the MTD rules by using software to submit
their VAT returns.

Expand All @@ -92,11 +130,73 @@ The **UK - Accounting Reports** module enables you to comply with the `HM Revenu
`Making Tax Digital
<https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital/>`_.

**does this apply to just businesses or also to landlords?**

.. important::
If your periodic submission is more than three months late, it is no longer possible to submit
it through Odoo, as Odoo only retrieves open bonds from the last three months. Your submission
has to be done manually by contacting HMRC.

.. _localization/united-kingdom/individuals:

MTD for sole traders and landlords
----------------------------------

Individuals who are classified as sole traders or landlords (both UK landlords and foreign
landlords) with a gross income of over £50,000 have to submit their income and expenses to HMRC on a
quarterly basis via a dedicated :abbr:`API application programming interface)`. To use Odoo to
submit these records, first :ref:`configure <localization/united-kingdom/indiv-config>` the
business's information to connect with the HMRC, then :ref:`submit
<localization/united-kingdom/indiv-submit>` your income and expenses to HMRC.

.. _localization/united-kingdom/indiv-config:

MTD configuration for sole traders and landlords
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Configure Odoo to send your income and expenses to HMRC on a quarterly basis:

#. Go to :menuselection:`Accounting --> Configuration --> Settings`.
#. Scroll down to the :guilabel:`United Kingdom` section and tick the checkbox next to
:guilabel:`MTD for Income Tax`.
#. Enter the :guilabel:`Business ID`.
#. Select the :guilabel:`Business Type`: :guilabel:`Sole Trader`, :guilabel:`UK Landlord` (landlords
of properties within the UK), or :guilabel:`Foreign Landlord` (landlords of properties outside of
the UK).
#. Enter the :guilabel:`National Insurance Number` (NINO).
#. Click :icon:`oi-arrow-right` :guilabel:`Connect to HMRC` to open the UK tax service portal.
#. On the UK tax service portal, click :guilabel:`Continue` to give Odoo the permissions necessary
to submit your income and expenses to HMRC.
#. On the UK tax service portal, click :guilabel:`Sign in to the HMRC online service`.
#. Enter the :guilabel:`User ID` and :guilabel:`Password`, and click :guilabel:`Sign in`.
#. Click :guilabel:`Give permission` to confirm giving permissions to Odoo.

Returning to the Odoo database after completing these steps reveals three new links in the
:guilabel:`United Kingdom` section of the :guilabel:`Accounting Settings`:

- :icon:`oi-arrow-right` :guilabel:`Refresh connection`
- :icon:`oi-arrow-right` :guilabel:`Disconnect`
- :icon:`oi-arrow-right` :guilabel:`Configure your accounting periods`

Click :icon:`oi-arrow-right` :guilabel:`Configure your accounting periods`. In the popup window,
enter the :guilabel:`Tax Year` and select the :guilabel:`Quarterly Period Type`:

- :guilabel:`Standard` uses 6 April - 5 April
- :guilabel:`Calendar` allows you to

.. note::
The :guilabel:`Tax Year` should use the `YYYY-YY` format.

.. _localization/united-kingdom/indiv-submit:

Submitting to HMRC for sole traders and landlords
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

.. _localization/united-kingdom/businesses:

MTD for micro entities to large companies
-----------------------------------------

.. _localization/united-kingdom/hmrc-registration:

Register your company to HMRC before the first submission
Expand Down