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windy55
October 21, 2019
Question

Hi,I'm on the flat rate vat scheme.how do i claim back the vat on purchases over £2000?Cheers,Michael.

  • October 21, 2019
  • 3 replies
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3 replies

GeorgiaC
October 21, 2019

Hi windy55,

 

 

You can reclaim the VAT on Flat Rate Scheme by selecting the 'VAT Reclaimable' box when entering the bill/expense, this will then populate the VAT element to Box 4 on the return.

 

 

Thanks

windy55Author
October 22, 2019

Thanks for your speedy reply.

I'm new to quickbooks, so I now need to work out where to enter the bill/expense.

(any clues? or is there a tutorial?)

Kind regards,

Michael

JessT
JessT
October 22, 2019

Thanks for posting back, windy55! And, welcome to the QuickBooks family!

 

There are only a few clicks to create a bill in QuickBooks. Just click on the Create (+) icon and choose the Bill option under Suppliers.

 

 

We got Help articles for your reference when you do your practice. We also have a test account that you can use for. Anything you'll enter in there will be deleted once you sign out.

 

Let us know if you have other questions in mind. We're here 24/7 to help you.

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