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Post Info TOPIC: Flat Rate VAT changes


Veteran Member

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Flat Rate VAT changes
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Hello,

I have a client who is on Flat Rate Scheme and their next vat return overlaps the changes that came into effect on 1st April. Do I go ahead assessing the whole period for 'limited cost trader' or just assess for the month of April only? Has anyone else come across this yet?

Thanks

Angie



-- Edited by AMajor on Tuesday 2nd of May 2017 02:53:19 PM

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Master Book-keeper

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Hi Angie
There is some detailed guidance in the VAT guide - cannot remember the VAT guide number now. Will post a link later if I get the chance.

HTH

 

Edited for typo



-- Edited by Cheshire on Tuesday 2nd of May 2017 04:47:22 PM

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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Posts: 8646
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As promised
www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses
Sect 4.5

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position

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