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| Can the website work out VAT on the VAT margin scheme? | |
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No, the website manager and website is website software; not accounting or financial software. If you are using the VAT margin scheme, we would recommend leaving the VAT options turned off on the "VAT (sales tax)" area of the settings section of the website manager and managing your VAT using proper accounting / financial software. Please see the following article:-
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Shortcut to this page: http://faq.uporium.com/faq_question.asp?key=1266&topic=can-the-website-work-out-vat-on-the-vat-margin-scheme
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