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Possible to state standard VAT scheme for one period and flat rate scheme for another period?
I am entering all historic accounting records at the moment, and need to ensure that my VAT records match up properly. The problem i am faced with, is that i need to be able to state that I initially started using the standard VAT scheme, but then moved to the flat rate scheme around a year afterwards. I cannot see how this is possible in FAC. Am i missing something?
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Inappropriate?Hi winston, i have worked out how to do it. Go to Taxes --> VAT. From here you can edit each individual VAT return period. This then allows you to specify that the first X periods were NOT on the flat rate scheme.
Hope this helps. -
Inappropriate?Thanks Benjamin. I am currently locked out of Freeagent and waiting for a response from Freeagent Support. I will give this a go once they have unlocked or retrieved my account. Best regards Winston
I’m happy
