Flat Rate VAT

Question asked by Paul Russell 9 years ago

Hi, this is possibly more of an HMRC question, but when I produce a VAT return for my companies who are flat rate in clearbooks the return is very short and contains zero in the purchases box 4 (which I understand because I am claiming it back, unless the cap ex one comes into play which it doesn't for me) but also zero in box 7, even though I have several thousand of costs in the company

Is this a clearbooks thing or HMRC guidance - they don't want to know about your purchases at all?

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Box 7 would indeed be £0 unless you're claiming for capital exp.

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9 years ago

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