To ensure the VAT is correct on your transactions, it's important you enter your company VAT settings correctly.

Access the VAT scheme settings

1. Go to Settings, then Business settings.
2. Select Accounting Dates and VAT.
3. In the VAT Details section, check or enter the following:
   • VAT scheme - Check you’ve selected the correct scheme. For Flat rate schemes, enter the Flat rate % supplied by HMRC
   • Submission frequency - Choose how often you submit a VAT Return to HMRC. This depends on how you registered with HMRC
   • VAT number - Your VAT registration number
   • HMRC user ID - optional. You can store this here for your records
4. Once confirmed, select Save.