Flat Rate - Benefit/Cost

Palms
Palms Registered Posts: 5 New contributor ?
Hi all
Have a client on Flat Rate Scheme and VAT returns are all processed on Sage v2015. There is a revenue code 'Flat Rate - Benefit/Cost'.
Not 100% what this is (other than what it says on the tin) or how to process it with my year end. Is it classed as income?

Thanks for your help.

Comments

  • Palms
    Palms Registered Posts: 5 New contributor ?
    Thanks. Was thinking along these lines but needed clarification
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