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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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
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
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.
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