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Ask Your Own Question, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 5146
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I have a limited company and currently I am using flat rate.

This answer was rated:

I have a limited company and currently I am using flat rate for VAT.
Now I have to prepare the company`s account and want how to calculate the expenses.
Can I calculate the gross including VAT, considering that I did not claimed any VAT for it ?
Thank you

Thank you for your question.

Your expenses would be reported gross inclusive of VAT.

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

Hi there, just checking if you have any further question on how to report expenses gross or net.

Many thanks and other Tax Specialists are ready to help you

I thank you for accepting my answer.

Best wishes