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windy55
Level 1

Hi, I'm on the flat rate vat scheme. how do i claim back the vat on purchases over £2000? Cheers, Michael.

 
3 REPLIES 3
GeorgiaC
QuickBooks Team

Hi, I'm on the flat rate vat scheme. how do i claim back the vat on purchases over £2000? Cheers, Michael.

Hi windy55,

 

 

You can reclaim the VAT on Flat Rate Scheme by selecting the 'VAT Reclaimable' box when entering the bill/expense, this will then populate the VAT element to Box 4 on the return.

 

 

Thanks

windy55
Level 1

Hi, I'm on the flat rate vat scheme. how do i claim back the vat on purchases over £2000? Cheers, Michael.

Thanks for your speedy reply.

I'm new to quickbooks, so I now need to work out where to enter the bill/expense.

(any clues? or is there a tutorial?)

Kind regards,

Michael

JessT
Moderator

Hi, I'm on the flat rate vat scheme. how do i claim back the vat on purchases over £2000? Cheers, Michael.

Thanks for posting back, windy55! And, welcome to the QuickBooks family!

 

There are only a few clicks to create a bill in QuickBooks. Just click on the Create (+) icon and choose the Bill option under Suppliers.

 

 

We got Help articles for your reference when you do your practice. We also have a test account that you can use for. Anything you'll enter in there will be deleted once you sign out.

 

Let us know if you have other questions in mind. We're here 24/7 to help you.

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