Hi,
I was wondering how Quickfile deals with reduction of 1% for new VAT registrations? Is it calculated automatically? Is there a box to tick?
If no, can I do the following:
Assume the rate is 14%. Can I enter 13% and then change it to 14% one day before the first anniversary?
Many thanks
Aleksandra
Hi @Filan
I’m not actually VAT registered, so working a bit blind here, but maybe this could help:
If you go to the following, you should enable the Flat Rate setting.
"Account Settings>Company Settings>Basic Settings>Click Here For More VAT Settings then change the box “Flat Rate To Apply”
Based on the following post, you should also set it to your current rate, and then update it when it increases:
http://community.quickfile.co.uk/t/changing-flat-rate-setting-at-end-of-first-year-of-trading/6247
However, if anyone who is VAT registered wishes to comment and correct me, please feel free! 
You need to use discounted rate in first year and then move to normal rate
That’s right… although change it before you file your first return at the new rate.
The Flat Rate Vat % is only referenced when a VAT return is filed, it will then apply the rate to all items in that return.
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