Hi all.
I'm due to be paying my VAT return shortly and wanted some clarification.
I am on a flat rate VAT scheme.
My first four invoices did not have VAT on them which was an omission on my part. When I noticed I submitted a VAT only invoice to the company in question.
My question is on my VAT return from FreeAgent the same flat rate amount has been applied on all my invoices including the original ones that didn't have VAT on them (which is obviously fine). Looking at the FreeAgent report it looks like I'm being charged extra VAT on the VAT only invoice, is that correct due to how the flat rate scheme works?
Thanks
I'm due to be paying my VAT return shortly and wanted some clarification.
I am on a flat rate VAT scheme.
My first four invoices did not have VAT on them which was an omission on my part. When I noticed I submitted a VAT only invoice to the company in question.
My question is on my VAT return from FreeAgent the same flat rate amount has been applied on all my invoices including the original ones that didn't have VAT on them (which is obviously fine). Looking at the FreeAgent report it looks like I'm being charged extra VAT on the VAT only invoice, is that correct due to how the flat rate scheme works?
Thanks
Comment