Flat-rate VAT scheme: reclaiming apple purchase on different invoices but same order

[peterboroughsas]

given how the 16.5% rate works - it's 16.5% of turnover including VAT - I'm at a complete loss as to why you are on that scheme. It's simply not worth it. You keep 20p from ever £100 of ex-VAT income.

You need to turnover £10,000 a month ex-VAT just to cover the VAT from a £100 a month accountant bill,

Can you please briefly elaborate on how and which alternative would be better if I need to be VAT registered, just to make sure I understood your point as I didn't quite understand your post?

[eek]

Can you please briefly elaborate on how and which alternative would be better if I need to be VAT registered, just to make sure I understood your point as I didn't quite understand your post?

Um, it’s vat. You track the VAT you collect, you track the VAT you pay out and pay the difference to HMRC.

[Lance]

Can you please briefly elaborate on how and which alternative would be better if I need to be VAT registered, just to make sure I understood your point as I didn't quite understand your post?

There is only one alternative to FRS.
it’s that standard VAT scheme.

something all contractors are on since they changed the % changed a few years ago.
The only contractors still on it have lazy accountants who don’t tell them, or no accountant….
when it was 14% it’s was worth a couple of grand a year.

[northernladuk]

Can you please briefly elaborate on how and which alternative would be better if I need to be VAT registered, just to make sure I understood your point as I didn't quite understand your post?

Get yourself an accountant.

[TheCyclingProgrammer]

I went through this with Apple years ago. The rules say a “single purchase” and my accountant was satisfied that multiple invoices with a single order reference and a copy of the original order would be more than enough evidence that it was a single purchase of goods. I reclaimed and never worried any more about it.

The total cost must be of capital goods though, consumables etc. and any services do not count.

These days it’s quite unusual to be on the FRS though.