Take a free trial of Clear Books Or take a look at our new product Clear Books Micro

Flat rate VAT - purchase refunds

Problem reported by Vivienne Frankham 4 months ago

We use the flat rate VAT scheme. When inputting purchase invoices, I still include the VAT so that I am able to track the savings. However, when I have a purchase refund, the VAT return is including these as sales and inflating my VAT payable. I can correct this by going back to the purchase refunds and removing the VAT but then I am no longer to fully track the differences between the two schemes. Am I doing something wrong?

Thanks Viv

1 Reply

Hi Vivienne,

I've tested this and can confirm purchase refunds do not show as sales. Are you able to send in your account name and the related PRF number to support@clearbooks.co.uk please?

Tommy

Reply to this problem

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are