Flat rate VAT

Flat rate VAT

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Hello

A client of mine currently uses the flat rate VAT scheme on a flat rate of 14%. His VAT quarters are Feb/May/Aug/Nov.

Under the new regime he will have to use 16.5% as his only VAT inclusive cost is my fees.

For his May 2017 quarter will it be one month at 14% and two at 16.5%? If so, how do I persuade Xero to do it that way?

I am planning to take him off the flat rate anyway. Do you believe HMRC would allow a change of stagger to March/June etc. for his VAT returns so he gets 4 months at 14% then switches back to normal?

Thank you

 

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By Malcolm McFarlin
20th Feb 2017 15:18

HMRC are holding webinars on the amendments to the FRS on 01/03/17.

Maybe a good time to raise this sort of issue.

https://attendee.gotowebinar.com/register/4501165689341562883

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