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Flat rate to full VAT

Sage 50 general help forum - Free help and support for all general issues
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Jay-90
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Posts: 10
Joined: 08 Apr 2015, 13:55
Sage Version: v2015 21 UK/Europe/Africa

Flat rate to full VAT

Post by Jay-90 » 21 Apr 2015, 13:59

Hi

Is there an adjustment that can be made to take into account changing from flat rate VAT to full VAT mid way through a financial year.

The VAT liability shown up until the end of December is too high as sage was going off full VAT.
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brucedenney
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Posts: 4664
Joined: 28 Feb 2006, 09:56
Sage Version: v30 UK/Europe/Africa

Re: Flat rate to full VAT

Post by brucedenney » 21 Apr 2015, 16:39

full instructions are in the product help

http://desktophelp.sage.co.uk/2015/50ac ... d|standard

follow the link marked "switch vat schemes"

You may fiond that having been on a flat rate scheme may have left you "out of pocket" with HMRC.
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