Hello, First post here so forgive me if I break the ettiquette.
There are many small businesses out there who record sales simply using the totals from their till systems. They do not record each transaction in their accounting programs which will then hit the VAT return. Now I don't think (touching wood) that Revenue would force all small businesses to upgrade their till systems so that they can record each actual sale and then post them one by one into software. Businesses like restraunts or just your local corner shop would suddenly have to spend many more hours in front of the PC if this was the case and potentially have to foot a hefty till upgrade bill.
My question is, does Revenue have an official stance on this? Can we continue to journal in our weekly till (i've worked with some people who do this monthly D:) totals? Or will it now need to be daily?