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H
Havana
April 9, 2020
Question

Registered for VAT using the Flat Rate Scheme. A van has been sold where VAT must be paid over at 20%. How should this be entered so that the VAT return is correct?

  • April 9, 2020
  • 1 reply
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1 reply

A
Ashleigh1
April 9, 2020

Hello Havana, 

 

You will need to record this as a journal or do an adjustment to show this in your Quickbooks. 

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