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fattori-giovanni
Level 1

Hi, i want to make sure I selected the Flat VAT Rate scheme on my account. Is there a way to review it?

 
1 REPLY 1
RaymondJayO
Moderator

Hi, i want to make sure I selected the Flat VAT Rate scheme on my account. Is there a way to review it?

Welcome to the Intuit Community, @fattori-giovanni

 

Let's go to the Edit VAT settings page to ensure you've selected the Flat Rate Scheme (FRS). I'm here to walk you through the steps. 

  1. Go to Taxes from the left menu. 
  2. Click the Edit VAT drop-down. EditVATSettings1.PNG
  3. Choose Edit settingsEditVATSettings2.PNG
  4. Under the Other tax options section, make sure the Flat Rate Scheme (FRS) is checked. 
  5. Click SaveEditVATSettings3.PNG

To learn more about how FRS works using the program, you can go through these helpful articles: 

In case you want to get a report that displays transactions on the VAT return's boxes, I'd suggest running the VAT Detail report

 

I'm just a click away if you need further assistance. See you around and more power to your business, @fattori-giovanni!

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