How do you manage the change over in Quickfile from VAT on the standard VAT scheme to VAT on the flat rate scheme. Is it as simple as ticking the button within Quickfile and mking sure all purchases except for capital items over £2,000 have no input VAT reclaimed? I dont want to tick the box and find I have changed something else inadvertantly.
You can simply enable Flat Rate VAT accounting in the VAT settings.
Once enabled QF will prevent you from adding VAT to purchases, unless you override a checkbox (e.g. for capital purchases and qualifying purchases). You may however want to manually zero-rate any purchases for the Flat Rate period before switching, as the options are removed afterwards.
When you run your first FR VAT return just check the backing report before submitting. You can also scan box 4 to see what (if anything) is getting reclaimed. In most cases this would be zero on a flat rate return.