My client has deregistered from VAT. he still will be trading, but has to file final VAT return following rules.
There is not date to indicate From/to registration, hence I am not sure how to go about records to the last date of registration and thereafter.
Hi,
has anyone been able to answer this? I will also be de-registering my company from VAT soon and need to know how to make the necessary amendments to Quickfile.
Many thanks!
Does the de-registration date coincide with the closing date of a VAT quarter? If it does then you shouldn’t need to make adjustments, you’d just run the final VAT return the date after the last quarter then switch QF to non VAT accounting.
If you’re de-registering mid-quarter then you would leave the VAT accounting on but just issue 0% VAT invoices. Or alternatively just run a VAT report up to that date and manually enter those figures into the Government Gateway site for the last period.
How do I switch to non vat accounting when I have de registered… I cannot see an option on the screen…?
Thanks
You would just need to untick the option in Account Settings >> Company Settings. Once VAT accounting is disable the VAT columns will disappear from your sales and purchase invoices.
Be sure to also clear the VAT number in the text field to ensure it’s not appearing in future invoices.
Can I just check that I can do this mid quarter? - will it work ok?
Yes you can uncheck, mid quarter. All this will do is stop recording VAT against any invoices following de-selection. It won’t remove any VAT you have assigned to earlier invoices in that same quarter.
I have deregistered from VAT in Quickfile - my new invoices are correct and do not show VAT but those generated from my recurring invoices still do. I cannot seem to modify these templates to fully exclude the VAT element. Is this possible because I do not want to cancel and recreate all my recurring invoice templates?
When you uncheck the VAT Registration option in QuickFile it hides the VAT column on new invoices. I believe in this case you would need to check the VAT Registration option again temporarily, then edit the recurring invoices to remove the VAT element. Don’t forget to uncheck again once done.
Please let us know if you need any further assistance.
Well done for quick reply - and yes that is a very successful work round - Thanks
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