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
Replies (1)
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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