Originally posted by DKB
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If you were on the FRS, how you account for VAT depends on how you accounted for VAT on the original purchase. If it was part of a £2k or more purchase then like the original purchase, the VAT must be dealt with outside the FRS and accounted for in the normal way. If it was below £2k then it just forms part of your flat rate turnover and your flat rate is applied.
If you’re not on the flat rate scheme then account for VAT in the usual way.
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