The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Working out VAT perentage
Post Info TOPIC: Working out VAT perentage
Samilou67


Senior Member

Status: Offline
Posts: 343
Date:
Working out VAT perentage
Permalink Closed

What would be the quickest easiest way to compare the 20% standard rate VAT return to a 12% flat rate return for a client?

Sam



__________________

Sam
BudgetB


Guru

Status: Offline
Posts: 709
Date:
Permalink Closed

Have you already done the return as a standard rated one - if so, all you need to do multiply the gross sales for the same period by 12% and see whether that outcome is better or worse than the standard rated figure.

__________________

Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
Samilou67


Senior Member

Status: Offline
Posts: 343
Date:
Permalink Closed

Thank you

__________________

Sam
kjmcculloch83


Expert

Status: Offline
Posts: 2085
Date:
Permalink Closed

Remember to do it over a few quarters as these things can fluctuate a bit.

Kris

__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Working out VAT perentage
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About