VAT Question

[BoredBloke]

On the Flat Rate scheme, online from HMRC it states for box 6

Box 6: your flat rate turnover for the period
Enter in Box 6 the flat rate turnover - including VAT - that you applied your flat rate percentage to. For example, if your flat rate turnover for the period is £10,000 and your percentage is 8 per cent then you would enter £10,000 in Box 6 and 8 per cent of £10,000 - that is, £800 - in Box 1. Don't forget to include in your flat rate turnover supplies that are exempt from VAT like rent


However on the back of the form it says

In box 6 show the value excluding VAT of your total outputs........

Which one is it? Inputs including VAT or Excluding VAT

[Clare@InTouch]

Including VAT.

The form is set up for the standard rate VAT scheme, they never issued a different form for flat rate VAT people. Just ignore the instruction on the form and follow the advice from online HMRC.

As an aside, you could look into filing returns online as it gives you extra time to file. All companies will need to do this soon anyway, and it gives you the chance to set up a DD to pay the VAT too.

[BoredBloke]

Including VAT.

The form is set up for the standard rate VAT scheme, they never issued a different form for flat rate VAT people. Just ignore the instruction on the form and follow the advice from online HMRC.

As an aside, you could look into filing returns online as it gives you extra time to file. All companies will need to do this soon anyway, and it gives you the chance to set up a DD to pay the VAT too.

Awww bugger! Followed what the form said and posted it already!!

What a stupid bloody system to have the incorrect instructions on the back. The VAT think they owe me about 800 quid - I think I know why now as my VAT returns from Yonks ago would have been the total excluding VAT. At least I have paid the correct amount.