Share this content

Working papers for VAT retail margin scheme

I have today picked up a new client and now hope for a smooth changeover.

The client writes up expenses and splits these between SR, ZR and 5% purchases, and exempt purchases. They then maintain a spreadsheet of total income each day - no EPOS system so they don't analyse the sales type.

I would have thought that the current accountant prepares the VAT returns -  I assume - by adding up client's excel sheets and apportioning income based on the split of VATable expenses.

Is the current firm REQUIRED to pass over VAT workings if I ask for them or, as I fear, are they wps belonging to the firm?



Please login or register to join the discussion.


Workings of the vat schemes are part of the clients records and will have to be given to you.

Thanks (0)