Hi I am doing a VAT return for a client who is on the flat rate scheme, my problem is that the VAT is calculated on turnover inc VAT but the VAT summary produced by Solar is showing it as excluded and therefore giving the wrong amount to pay. I have ticked the box for flat rate scheme in set up, is there something else I need to do ?
Hi Alison,
When you change the Flat Rate VAT settings for your business in Solar Accounts it doesn't affect any of the existing transactions. I recommend you view the VAT Return Detail report, and look for transactions under Box 6 that have the wrong amount. Edit each transaction and click More Options > VAT Treatment > More VAT Details, then tick the checkbox labelled 'Flat Rate VAT applies to this transaction'. Then refresh the VAT Return Detail report - you should now find the Box 6 figures include VAT.
Regards
