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December 22, 2022
Question

I need to make a change to my first VAT return, to reclaim VAT paid on capital expenditure made before I registered. I am on the Fixed Rate Scheme. What do I do?

  • December 22, 2022
  • 1 reply
  • 0 views
According to the help files, as I am on the Flat Rate Scheme, I can't make changes to the required lines on the VAT return.

1 reply

Level 13
December 22, 2022

Hi ken-kcamarketing, you can reclaim this by creating an exception against your current open return - to do this, simply enter a transaction dated with the original date of the purchase, with the relevant transaction details and VAT code. You can then view this by clicking the drop-down beside the return > view exception details. 🙂