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BalansixVAT

Keep source VAT evidence separate from the Flat Rate liability.

Balansix Flat Rate Scheme workflows preserve the customer-facing source VAT while calculating the Flat Rate liability and the accounting turnover treatment from the configured FRS method.

VAT
Source VAT and FRS liability are different figuresInvoice or cash workflowCapital-goods input VAT reviewVAT control and posting

Source VAT and FRS liability are different figures

An invoice can carry normal VAT rates for the customer while the amount payable under the Flat Rate Scheme is calculated using the client's configured FRS percentage and turnover rules. Balansix keeps those concepts separate so source VAT remains evidence rather than becoming the FRS liability.

Invoice or cash workflow

Use the configured FRS invoice or cash workflow for Document-Led clients. Bank-Led operates from cash/bank activity and therefore uses the cash-turnover route. Do not manually convert a Bank-Led client into an invoice-led workflow for FRS.

Capital-goods input VAT review

Ordinary FRS input VAT is not treated like Standard VAT. Where a qualifying capital-goods input VAT claim may be available, Balansix can surface the item for explicit review rather than applying a routine input-VAT assumption.

VAT control and posting

The prepared return and FRS liability posting should agree to the VAT control position. If the control does not reconcile, investigate source turnover, period selection, return status and any capital-goods decision before finalising the return.

Need help with your Balansix workflow?

Search the Help Centre first. If the issue remains, contact Balansix Support with the client, module, period, what you expected and what happened.