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Flat rate to full VAT

Posted: 21 Apr 2015, 13:59
by Jay-90
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.

Re: Flat rate to full VAT

Posted: 21 Apr 2015, 16:39
by brucedenney
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.