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September 3, 2020
Question

I'm on the FRS and rate has changed from 12.5% to 4.5% from 15/07/2020, mid way through current VAT period. How do I submit VAT return through QB with 2 different rates?

  • September 3, 2020
  • 1 reply
  • 0 views
Can I just manually calculate the amount owed and make an adjustment?

1 reply

September 3, 2020

Hi disco-fries, 

 

You are able to adjust your FRS VAT return but you will need to work with an Accountant to know exactly what the adjustment should be.

If you don't have an Accountant, you can find one via our website here

 

Please get back to us below if you have any uncertainties 🙂