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Gill1009 said:
“Unbelivably Sage cannot help me with this! I have a new client who is on the flat rate scheme for VAT. When entering her expenses on Sage if they have VAT on them do I use the T9 code with no amount of vat in the box or or the T1 code and show the VAT. The business is set up for Flat Rate VAT in the company preferences with the correct flat rate invoice based. Can someone please help. Sage have advised me to ask HMRC, as if they are going to explain to me how to use Sage's software :(”
I'm about to start the same process for a client. I've changed the VAT settings to flat rate, 9%. Sage seems to them calcuate the VAT due when you run the return and just sets the purchase side of things to zero. However, I'm unsure what code to use to ensure the right amounts appear in the P&L for purchases. Do you enter the gross amount as T9 or keep using T1, in which case where does the VAT element then get posted ? So confusing !
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