## Documentation Index

Access the complete documentation index at:
https://www.zoho.com/uk/books/kb/llms.txt

Use this file to discover all available documentation pages before proceeding.

[Back](./)

# In the Flat Rate scheme, how do I record the VAT reclaimable on purchases above £2000?

If you use the Flat Rate scheme for calculating VAT for your organisation, you can reclaim the VAT for purchases above £2000 inclusive of VAT.

You can reclaim the VAT only for the purchase of **Fixed Assets** . You can either choose **Furniture and Equipment** or create a new **Fixed Asset** account.

To reclaim the VAT:

*   Create an expense and for the **Expense Account**, select for example, **Furniture and Equipment** under **Fixed Assets**.
*   In the **Amount** field, enter an amount greater that £2000 inclusive of VAT.
*   Fill in the other additional fields, if required.
*   Click **Save**.

This expense can reclaimed from the HMRC when filing your return.