VAT flat rate scheme - profit made. How to show on accounts?

Posted by AnonymousUser PM | on Sat, 09/04/2005 - 19:17 22644 15 comments | report

As above (reproduced below for conveniance)

Can anyone help? Client opted for flat rate scheme abd is circa. £200-£300 better off per quarter. How is this accounted for? How is it shown on the accounts? Am not sure and any help would be welcome.
Richard Crofts

Comments

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Is FRS needed?

martinfoley07 | Fri, 10/10/2008 - 17:51

Martin makes a good point

petersaxton | Fri, 10/10/2008 - 17:32

VATman's powers over accounts

martinfoley07 | Fri, 10/10/2008 - 13:48

Cedella Popo

petersaxton | Thu, 09/10/2008 - 13:32

VAT Flat rate scheme - disclosure

kabini | Sun, 10/04/2005 - 17:42

Gross up sales and expenses

Anonymous | Sun, 10/04/2005 - 09:39

Doesn't that count as wrong?!?

malcolmcoles | Thu, 14/08/2008 - 10:00

And the prize for the oldest thread resurrection goes to...

Dave Paveley | Thu, 14/08/2008 - 08:09

Filling in the FRVS form

malcolmcoles | Wed, 13/08/2008 - 22:50

plent of previous answers on this topis

carnmores | Sun, 10/04/2005 - 19:37

Treat as 'discount'

NeilW | Sat, 09/04/2005 - 22:10

Danger of overstating turnover

NeilW | Sun, 10/04/2005 - 11:05

Neil, you haven't been swayed, then!

Anonymous | Sun, 10/04/2005 - 14:26

option a

AnonymousUser | Sun, 10/04/2005 - 16:22

FRS

abacusacc | Tue, 10/04/2012 - 17:21