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irvingjohnvincen
Jan 6, 2024 5:01 PM UTC
Question

Vat flat rate scheme. My business pays a fixed rate upon turnover. Do I still need to quote vat to quickbooks on individual purchases.

The usual charged vat minus paid vat calculation does not apply.

1 reply

Ashleigh1
Jan 23, 2024 4:03 PM UTC

Hello Irvinghohnvincen, we appologies that your post was never answered when you posted it. We would advise you to reach out and speak to an accountant on how best to record this in your account. 

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