De Registering for VAT

Support
1

I have de registered for VAT with effect 30 April 2016.

What do I need to do in Quick file to stop the VAT being applied and recorded?

Do I just change the setting on the 30th and if I do what happens with any historical transaction I post after the 30th?

Thanks for your help

2

Yes, you would just need to go into Account Settings >> Company Settings and switch off VAT accounting. This will have no affect on any pre-existing VAT records, it will simply ensure that going forward all sales are entered without VAT.

If you wish to calculate a final VAT return through QuickFile after the 30th, you may need to temporarily turn the VAT option back on, file the VAT return then switch it off again. I believe the VAT returns are accessible only when VAT accounting is switched on.

Hope that helps!

3

And you would also have to temporarily switch it back on if you need to enter a back dated purchase from before your de-registration date.