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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4417
Experience:  FCCA FCMA CGMA ACIS
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I am on the flat rate VAT scheme My flat rate as a free

Customer Question

I am on the flat rate VAT scheme
My flat rate as a free lance Quantity Surveyor is 14.50%
I would like advise on how to fill in section 1 & section 6 in my on line tax form
My turnover in my tax year excluding VAT is £ 50,000.00
What amounts do I enter in Section 1 & Section 6
Submitted: 2 months ago.
Category: Tax
Customer: replied 2 months ago.
Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call.
Customer: replied 2 months ago.
Let me know if you need more information, or send me the service offer(s) so we can proceed.
Expert:  bigduckontax replied 2 months ago.

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

Box 1 is the aggregate VAT you have charged customers in the relevant account period.

Box 6 is your turnover net of VAT.

Did you purchase any capital items in the period?

I do hope that you have found my reply of assistance.

bigduckontax and other Tax Specialists are ready to help you
Customer: replied 2 months ago.
I cannot accept this offer as you have not adequately answered my request
Expert:  bigduckontax replied 2 months ago.

I am at a loss, I have told you which figures to insert in Boxes 1 and 6 and asked a question of importance.

Expert:  bigduckontax replied 2 months ago.

I think that you will find it easier to ring me. I am on 01750 725420.

Customer: replied 2 months ago.
What I would like to know are the actual figures I must submit in the boxes 1!and 6. Based on the information I have provided are the correct figures £7,250 and £50,000.00 respectively?
Expert:  bigduckontax replied 2 months ago.

Correct!

But did you make any capital item purchases for your business?

Customer: replied 2 months ago.
No I Didnt
Expert:  bigduckontax replied 2 months ago.

Right, for had you done so you could have reclaimed the input tax at Box 4.