Working papers for VAT retail margin scheme | AccountingWEB

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?



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