Anyone using the flat rate VAT scheme with Quickbooks? Any info on setting this up appreciated, I've not worked out how to do it yet except on a spreadsheet
VAT flat rate scheme
Sep 05, 2006
1 Replies
You don't track VAT. Sales will be 117.50 not Sales 100.00 and VAT
17.50. Expenses are 117.50 not Expenses 100.00 and VAT 17.50. The VAT paid is shown as a separate expense.Join the Discussion
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