Flat Rate and Vat

[SMartCAD-Solutions]

Good Afternoon

I am a vat registered company, submitting vat returns on the flat rate scheme.
I have bought items over £2k but this doesn’t show automatically in purchases or when I compile the vat return?

I cant find an option to turn flat rate purchases over £2k on so does this mean i have to manually add costs against section 4 VAT reclaimed on purchases and other inputs and section 7?

I would appreciate it if you could please advise

[ian_roberts]

When you input purchases there should be a checkbox somewhere on the purchase editor form to enable reclaiming of VAT for that particular purchase - QuickFile doesn’t assume every purchase over £2k qualifies for reclaim, you have to tell it which ones you think qualify.

[SMartCAD-Solutions]

Thanks Ian, i was hoping it would be automated taking into account i have set the flat rate scheme up. But i get what you are saying

[QFSteve]

[SMartCAD-Solutions]

Thanks for that i will get onto it!