I am using the Flat Rate Scheme. Purchases from previous VAT periods are locked. I want to correct payments that were incorrecty TAGGED in these earlier periods, but cannot as the transactions are locked. Surely on a flat rate scheme Purchases under £2000 do not affect VAT returns and so do not need to be locked. How can I make the required amendments?
I believe they’re locked in case the VAT accounting method is changed. Otherwise after making the change all those unreconciled purchases would get brought forward into the next VAT return.
What sort of change do you want to make to the purchase?
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