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Dec 22, 2022 10:20 AM UTC
Question

I need to make a change to my first VAT return, to reclaim VAT paid on capital expenditure made before I registered. I am on the Fixed Rate Scheme. What do I do?

According to the help files, as I am on the Flat Rate Scheme, I can't make changes to the required lines on the VAT return.

1 reply

Dec 22, 2022 11:47 AM UTC

Hi ken-kcamarketing, you can reclaim this by creating an exception against your current open return - to do this, simply enter a transaction dated with the original date of the purchase, with the relevant transaction details and VAT code. You can then view this by clicking the drop-down beside the return > view exception details. 🙂