Output tax due on disposal of capital expenditure goods (flat rate)

Question asked by Pete 8 months ago

I am on flat rate scheme and so reclaimed VAT when purchasing a capital asset over £2000. I understand when I sell that I must account for the 20% VAT outside the flat rate scheme.

Can someone please tell me how I deal with this in Clearbooks, thanks

1 Reply

Reply to this question

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