Flat Rate VAT Scheme

Trying to figure out how to use DataDear to submit a return compliant with Flat Rate Scheme.
Read some articles suggesting using a formula in the Purchase tab (Gross sales * discount rate).
Has anyone done this successfully?
Thanks
B

Hey @brian.lindsay2709,

Welcome to the community!

Please find HMRC’s guidance on how to calculate your flat rate VAT

Once worked out just link your data to the respective boxes on our VAT return template. Further guidance here

Hint - there is nothing wrong with your logic above… just don’t forget about capital expenditure >£2k! :slight_smile:

Thanks,
Carl

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Thanks Carl very helpful

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