How do you switch off FRS VAT returns in Xero?

How do you switch off FRS VAT returns in Xero?

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Does anyone know how to switch off FRS VAT returns in Xero? I have set the VAT scheme to "Cash Scheme" in Financial Settings, but this appears to have had no effect on the VAT return; it is still only calculating the FRS numbers.

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By Sally Clarke
01st Oct 2013 15:02

Switch off FRS

Hi Chatman

I am a member of the UK Xero Customer Experience Team.

When you switch to the cash scheme in Xero, VAT Returns run after the setting has changed will be on the standard cash scheme not the FRS. You will however need to remember to change the tax rates on the expenses from No VAT.

If you email [email protected] with details of your company name we would be happy to look into this further for you.

Sally

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By chatman
01st Oct 2013 16:01

Have we misunderstood each other?

Hi Sally - I am not sure you have read my post properly. It says that I have changed the setting to the standard cash scheme, but that Xero does not appear to have recognised this. Have I misunderstood your post?

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Replying to Rakhi:
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By Sally Clarke
01st Oct 2013 16:18

Switch off FRS

Hi Chatman

Could you send us details of your company in Xero and we will look into this for you as changing the setting should reflect on the VAT Return in Xero so we would like to check why this is not happening in your case.

Sally

 

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By chatman
01st Oct 2013 16:59

Thank you.

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Stephen Quay
By squay
01st Oct 2013 18:49

VAT in Xero

A useful check as to what vat scheme is being used is to call up the vat return and select a future date. It tells you which scheme is in use in the details section before your very eyes. 

When you changed back from the FRS in settings to either "normal" standard or cash basis Xero won't update the vat settings of all the nominal codes in the chart of accounts. This has to be done manually. However you can live without this and just override the "no vat" setting when you post an invoice. Change the "no vat" to vat inclusive or exclusive basis and override the vat code for each line of entry as appropriate.

 

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By chatman
01st Oct 2013 19:26

Doesn't work

I understand about how FRS and standard VAT work, it is just that when I run a VAT report it says "Flat Rate VAT Return" at the top and calculates the VAT according to FRS rules. The breakdown is all correct, but the return is wrong.

I tried running it as at 31/12/13 but it still says "Flat Rate VAT Return" at the top.

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AshTag86
By Ash_D86
08th Oct 2013 08:43

Get in touch...

@chatman - we would like to take a closer look at this for you. Did you manage to send in an email to [email protected] at all?

Ashley Driver
Customer Experience Specialist, Xero
@AshTag_86

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By chatman
08th Oct 2013 08:54

@Ash

Not yet Ash.

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