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flat rate change in quickbooks mid period

I am trying to file a flat rate MTD vat return for a client who qualifies for the new reduced flat

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I am trying to file a flat rate MTD vat return for a client who qualifies for the new reduced flat hospitality scheme. As the scheme started on the 15th July  it is mid vat return and quickbooks help have said they cannot cope with a mid period change and i have to request the return to be split into 2 periods by HMRC. HMRC have said that they cannot split the return.

How has anyone managed this , any suggestions would be appreciated

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RLI
By lionofludesch
20th Oct 2020 17:54

It's no help, I'm afraid, but John the Plumber is springing to mind.

Software not up to the job is one of the great frustrations of the 21st century.

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RLI
By lionofludesch
20th Oct 2020 18:38

https://quickbooks.intuit.com/learn-support/en-uk/vat/vat-flat-rate-chan...

I particularly like the comment from John C where he says that Quickbooks' sophisticated software can't cope with something as well as a teenager with a cheap calculator.

It's like flat rates have never ever changed before and all this is a bit of a surprise.

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By frankfx
20th Oct 2020 18:40

a dummy capital asset input vat claim?
to reduce the liabilty.

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RLI
By lionofludesch
20th Oct 2020 18:49

What I'd do (unless I thought of something better) is pay at 4.5% and put through an error adjustment for the difference.

Not sure it'd work but worth a go.

If HMRC complained at a VAT visit, I'd point out that they approved this software as fit for purpose.

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Replying to lionofludesch:
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By Emma.briggs
21st Oct 2020 08:40

thats what i thought of doing thank you

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Replying to Emma.briggs:
RLI
By lionofludesch
21st Oct 2020 09:08

But what's the point of software if you have to work the tax out old school ?

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By Paul Morgan
21st Oct 2020 10:25

Hi Emma,

We’d love to help you with this. In Sage 50cloud Accounts you can split the VAT return to cover the old and new rates. Once done you can then bring the two returns together to make one submission to HMRC for the total amount.

Check out our help article, which includes a great video guide on how to do this in Sage: http://1sa.ge/xU9N50BYniy

If you’d like to discuss your options you can leave your details here http://1sa.ge/QJ7d50BYnHJ and we’ll be in touch.

Let me know how you get on and if you have any further questions and I’ll be happy to help.

Regards,

Paul
Sage UKI

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By Cheshire
21st Oct 2020 19:29

Emma. Try phoning QBO again and INSISTING, I mean absolutely bloody well INSISTING that this is escalated up the line, that it isnt good enough and tell them you need a response with x days. Also email your relationship manager.

One of my clients had some bonkers response when they hit a problem and I did exactly that. Did have a frustrating few days waiting but the issue was sorted then with no further workarounds from clients nor myself.

Might not work, but worth a try. Sometimes it is just the first contact staff have no clue!

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