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Do I need to keep record of sales invoices with on Flat Rate Scheme for Ltd Company

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Do I need to keep record of sales invoices with on Flat Rate Scheme for Ltd Company

4 replies 63 views
john01269john01269 Forumite
9 posts
First Post
MoneySaving Newbie
Hi,
I'm not long become a limited company and am on the flat rate scheme which I now longer need to keep vat invoices I believe (only need to give a vat invoice to any customer that asks for one), am I right with what I'm saying here and would I need sales invoices for showing detailed customer sales for the corporation tax side of the limited company or is keeping sales invoices not needed taking in mind I am a online retailer, so would just keeping monthly turnover figures be acceptable for both the Flat Rate VAT scheme and also for showing my turnover/earnings for the corporation tax part?
The thing is with some platforms I sell on like Amazon, ebay, etc. they have their own vat systems and having to save every invoice of all my sales would take for ever as my sales are low priced sales.

Looking forward to your replies.

Thanks

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