As the making tax digital deadline is approaching the need to have Margin Scheme VAT functionality is becoming critical for those of us who trade 2nd hand goods.
At present I move Margin Scheme invoices to 0% VAT and then manually calculate the VAT actually due to ensure the underlying VAT accounting is correct.
This means for the VAT return function a lot of my inputs and outputs are wrongly showing as 0% VAT. If I put the VAT to 1% and continued manually calculating the correct amount would that correct the VAT return?
This also means I cannot currently use the Kashflow "invoice to customer" function or it would reveal my (tiny!) profit by virtue of the VAT being shown - which you could reverse engineer.
PLEASE can you urgently prioritise the creation of Margin Scheme VAT calculations by 1st April latest.