Tax Tribunals : VAT Flat Rate Scheme and Bank Interest

[css_jay99]

Not quite. Bank interest can be ignored in your flat rate VAT calculations. It's still income for CT purposes though.

In that case, then what exactly is the tread about?.

I have never thought that bank Interest received have anything to do with VAT .....

css_jay99

[Sockpuppet]

In that case, then what exactly is the tread about?.

I have never thought that bank Interest received have anything to do with VAT .....

css_jay99

Flat Rate vat which is worked out on Turnover which did include Bank Interest.

[css_jay99]

Flat Rate vat which is worked out on Turnover which did include Bank Interest.

opps!

I have never included Bank interest as part of flat rate turnover .

Good thing HMRC lost ... thieving gits.

css_jay99