Hi,
I am on FRS and my Reduction of 1% for the first year changes in the middle of VAT Report.
I was registered on 17/10/2013
My last VAT Return period end on 30/11/2014
FRS Reduction of 1% starts from 17/10/2013 and ends 17/10/2014
I believe the half of the vat report should be calculated without 1% reduction.
Am I correct?
How do I do it?
Should I use manual adjustment for this period?