Correct Marginal VAT scheme for UK Customers
We sell a lot of mobile device stock in our shop on the Marginal VAT scheme however it isn’t correct. When a device is on marginal VAT and we put the sale through, the invoice shows the breakdown of marginal vat which shouldn’t happen. The customer cannot claim back the vat on this scheme and it shouldn’t be shown to the customer.
It also calculates it wrong (see link below).
And it would be really good if the marginal products synced with quickbooks
See: https://www.gov.uk/vat-margin-schemes
Thank you :)
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Lewis Watson
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