VAT Apportionment Scheme

Please can you advise how I can use Solar Acoounts to calculate VAT under the Apportionment Scheme 1 as it would seem that all VAT calculations are made @ 17.5% which would appear that I would be paying too much VAT

Regards

Graham King

Posted by Graham King on May 31, 2010 2:18 PM BST

Hi Graham,

Unfortunately Solar Accounts is not designed to be used with the VAT Retail schemes. You will need to manually compute your VAT return, and also make a periodic adjustment to the VAT Liability balance in Solar Accounts.

Regards,

Posted by Mark McLaren (Solar Accounts) on May 31, 2010 2:59 PM BST