VAT - Train, Flights tickets are zero rated?
- Thread starter Aurelia
- Start date
- Original Poster
- #3
Many thanks for your help.
I have one more questions:
What should I do with transactions re flights, trains tickets posted in the previous VAT return as “NO VAT” instead of “ZERO RATED”? Can I just change the tax code from “NO VAT” to “”ZERO RATED” and the change will be reflected on current VAT return? I am using Xero.
Many thanks,
Aurelia
I have one more questions:
What should I do with transactions re flights, trains tickets posted in the previous VAT return as “NO VAT” instead of “ZERO RATED”? Can I just change the tax code from “NO VAT” to “”ZERO RATED” and the change will be reflected on current VAT return? I am using Xero.
Many thanks,
Aurelia
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I really don't think it matters all that much, i'm yet to meet a VAT officer who really cares so long as HMRC are getting what they're owed.
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