Change to Flat Rate VAT

Hi there, my adjustment in Solar to the flat rate I pay (it's moved from 12% to 16.5%) is not playing through my return or the gain/loss Vat account. Am I missing some further instruction?

Cheers,
Kit

Posted by Kit Vaughan on Jul 20, 2017 6:14 PM BST

Hi Kit,

When you change the business flat rate setting in Solar Accounts it only affects new transactions. To change the rate on existing transactions you need to open each transaction window and click More Options > VAT Treatment > More VAT Details.

Regards,

Posted by Mark McLaren (Solar Accounts) on Jul 21, 2017 3:28 PM BST