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leslie-cheaperbu

Question

Having a problem with using Flat Rate VAT

1 reply
2 views

I have set up the scheme with Quickbooks, but when I post sales the VAT says No VAT.

QuickBooks Online

Level 13

Hi leslie-cheaperbu, thanks for joining the Community.

Did you post the sales transaction with the 20.0% S - Standard Rate VAT code applied? This will then calculate VAT at FRS % to Box 1 and Net Sale to Box 6 of your VAT return. To see more on FRS in QuickBooks, click here.