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roy22
Level 1

Can I change a client from flat rate VAT to standard rate part way through an accounting period, or would I have to start a new license?

 
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Best answer June 24, 2021

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GeorgiaC
QuickBooks Team

Can I change a client from flat rate VAT to standard rate part way through an accounting period, or would I have to start a new license?

Hi roy22, thanks for joining us here on the Community

 

It's not possible to change from FRS to standard midway through an accounting period on QuickBooks, the simplest option would be to see if HMRC are able to split the VAT period, otherwise, you could use the 'submit via spreadsheet' option to upload the boxes 1 - 9 once you have manually calculated the amounts.

 

Please get back to us below if you have any questions 🙂

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2 REPLIES 2
GeorgiaC
QuickBooks Team

Can I change a client from flat rate VAT to standard rate part way through an accounting period, or would I have to start a new license?

Hi roy22, thanks for joining us here on the Community

 

It's not possible to change from FRS to standard midway through an accounting period on QuickBooks, the simplest option would be to see if HMRC are able to split the VAT period, otherwise, you could use the 'submit via spreadsheet' option to upload the boxes 1 - 9 once you have manually calculated the amounts.

 

Please get back to us below if you have any questions 🙂

View solution in original post

roy22
Level 1

Can I change a client from flat rate VAT to standard rate part way through an accounting period, or would I have to start a new license?

Thanks Georgia

 

Its as I imagined.  Once you set the VAT rate, thats it.  Quite standard in software.  I`m just setting up around 30 clients and want to make sure they are all on the right settings

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