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VAT Return

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    VAT Return

    Just got my first, I registered for the flat rate scheme and have the certificate.

    As I have not recieved a VAT return before is there a different one for the flat rate and normal VAT schemes or is it the form ?. The return they sent me has VAT 100 in the bottom left hand corner and has 9 different boxes, is this the correct one for me to complete for the flat rate scheme ?

    Also sorry to sound stupied but it says if I pay by cheque I need to 'put a line through any spaces on the pay line and cross them "AC Payee Only". I understand the line through spaces bit but what is the "cross them AC Payee only" mean, never done that one a cheque before ?

    IR and HRMC always send me stuff on a bloody Friday so they give me the weekend to wonder about it, or I would ask my accountant.

    Thanks And Happy New Year
    Last edited by MobileCheese; 5 January 2007, 21:36.

    #2
    Originally posted by MobileCheese
    Also sorry to sound stupied but it says if I pay by cheque I need to 'put a line through any spaces on the pay line and cross them "AC Payee Only". I understand the line through spaces bit but what is the "cross them AC Payee only" mean, never done that one a cheque before ?
    You just draw 2 parallel lines across the cheque and write those words between them. This prevents the cheque being "cashed" because it needs to be paid into an account. Some banks pre-cross their cheques in this fashion.

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      #3
      Originally posted by MobileCheese
      Just got my first, I registered for the flat rate scheme and have the certificate.

      As I have not recieved a VAT return before is there a different one for the flat rate and normal VAT schemes or is it the form ?. The return they sent me has VAT 100 in the bottom left hand corner and has 9 different boxes, is this the correct one for me to complete for the flat rate scheme ?

      Also sorry to sound stupied but it says if I pay by cheque I need to 'put a line through any spaces on the pay line and cross them "AC Payee Only". I understand the line through spaces bit but what is the "cross them AC Payee only" mean, never done that one a cheque before ?

      IR and HRMC always send me stuff on a bloody Friday so they give me the weekend to wonder about it, or I would ask my accountant.

      Thanks And Happy New Year
      Government Gateway and Vat Return online using bank transfer. Easiest way.

      Comment


        #4
        Originally posted by Sockpuppet
        Government Gateway and Vat Return online using bank transfer. Easiest way.
        Plus the money stays in the company bank account a few days longer - every little helps! Milan.
        Last edited by Gonzo; 5 January 2007, 23:38.

        Comment


          #5
          Originally posted by MobileCheese
          Just got my first, I registered for the flat rate scheme and have the certificate.

          As I have not recieved a VAT return before is there a different one for the flat rate and normal VAT schemes or is it the form ?. The return they sent me has VAT 100 in the bottom left hand corner and has 9 different boxes, is this the correct one for me to complete for the flat rate scheme ?

          Thanks And Happy New Year
          I've just done the same and I checked with my accountant (nixon's) and they confirmed the same form is used. The gross turnover is entered in box 6 (I think) on the Flat rate, the net turnover if you are on the normal vat
          "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

          Comment


            #6
            Great thanks everyone

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