[GNC] UK Flat Rate VAT

Paul W paul_w_007 at yahoo.co.uk
Fri Dec 23 12:27:26 EST 2022


There's a few posts about this subject but I can't find any that provide a solution. I'd like to know how to account for UK Flat Rate VAT.
EgInvoice: £1000+ VAT @ 20%: £200Invoice Total: £1200
Flat Rate VAT @ 16.5% of invoice total is paid to the government: £198The remainder is added to income: £2
Than you, Paul



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