VAT alerts when FRS applicable
Idea suggested by Stephen Youngs FCCA 7 years ago
It would be useful to turn off any alerts that don't apply when using the FRS. The one I have noticed is on rent receivable, where a message appears telling me that CB thinks rent receivable is outside the scope of VAT. Whilst there is of course 0% VAT on the rent invoices they do need including in the gross FRS revenue. I can imagine some would follow the advice the system gives and end up underpaying their VAT.