What do people make of this ...
http://www.shout99.com/contractors/s...;id=51209;n=10
QDOS say you must put bank interest down when calculating Flat Rate VAT and enclosed text from an HMRC letter they were sent on the subject.
There was a thread a while ago where the concensus was you -don't- put down bank interest when calculating FRS. My accountants have never mentioned ban k interest, I also have an old SJD spreadsheet and that appears to ignore bank interest as well as far as I can see.
Any thoughts?
http://www.shout99.com/contractors/s...;id=51209;n=10
QDOS say you must put bank interest down when calculating Flat Rate VAT and enclosed text from an HMRC letter they were sent on the subject.
There was a thread a while ago where the concensus was you -don't- put down bank interest when calculating FRS. My accountants have never mentioned ban k interest, I also have an old SJD spreadsheet and that appears to ignore bank interest as well as far as I can see.
Any thoughts?
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