How do I set the rate for the Flat Rate scheme?

[Sandra]

I am on the flat rate and tryiing to complete my first VAT return - how do I complete the return if I cannot show the rate I am paying? I have tried to input the sales figures but the VAT on the sales invoices is either 20% or 5% so when these figures import into the VAT return I am either paying too much or not enough?

[QFBeth]

Hi @Sandra,

There is an option in the VAT settings for if you are on the flat rate scheme. You will be able to set the rate here aswell.

[QFMathew]

Just to add to @QFBeth’s post above, the rate on the sales invoice will remain at 20%, it’s just on the return that that flat rate percentage is taken into account.