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H
Hart1
May 5, 2019
Question

How do I pay an invoice with standard rate VAT under the flat rate scheme?

  • May 5, 2019
  • 1 reply
  • 0 views

I need to pay 20% on the sale of a vehicle at it's over £2000 but use Flat rate Scheme on all other invoices.  How do I differentiate this on the VAT Return?

1 reply

Kristine Mae
Kristine Mae
May 5, 2019

Hello there, Hart1.

 

When you're set up for the Flat Rate Scheme, you still use the standard rates on the actual transactions. Our system will automatically calculate the amount on the VAT return.

 

Please let us know if you have more questions. We'd be happy to answer them. 

H
Hart1Author
May 5, 2019

Unfortunately that did not answer my question so I tried to make an adjustment to the VAT return myself and have now caused and error and a new problem.

 

Can someone please advise how I can make a journal entry please to amend the VAT Return?

 

JessT
JessT
May 6, 2019

Please do not make journal entries yet, Hart1.


I'd recommend reaching our Phone or Chat team to see your data. They have tools for a screen sharing session, and they can help you adjust your VAT if it's necessary.

 

  1. Click on Help and choose Contact us.
  2. Enter a short detail of your concern and click Let’s talk.
  3. Choose from Chat or Get a callback.

We're just around if you have other questions.

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