Am I using the correct VAT figures?

Am I using the correct VAT figures?

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I recently prepared my first VAT invoice that was NOT on the flat rate scheme.

I want to confirm though that I am using some of the correct figures. 

The reason is because in reality

1. Some of the sales that I made during the quarter were on items purchased before I left the flat rate scheme

2. The import duty that I paid again for April was on March imports and not all of this stock will have been sold in the quarter for which I prepared the VAT return.

So I just want to confirm that I am acting correctly by 

1. Account for VAT on sales of stock that were purchased before as normal (@20%) even if I bought them in January.

2. Even though the import VAT I paid to HMRC in April was on a March import it went on my most recent VAT return.

3. Even though not all stock might be sold during one quarter you account for all the VAT paid for the period you paid it. In others words all the import VAT I paid to HMRC from April to June went on my most recent VAT return even though I might not have sold all this stock yet.

4. Is it similar for other purchases? Like say box of envelopes? I might just use half of them during the quarter but it is ok to account for the full amount paid for the purchase? I don't have to only account for "half of the VAT" on them do 1? 

Replies (2)

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Locutus of Borg
By Locutus
11th Aug 2014 21:06

Too many questions for a forum like this
Sorry, I only got about half way through your list of questions before I gave up.

With all of those questions, you really ought to get paid advice from an accountant, as I expect there are many other things that he / she can put you straight on.

Thanks (1)
By mrme89
11th Aug 2014 21:11

Agree with the above, especially considering that this is your second post regarding vat in a very short space of time.

Thanks (1)