VAT liability - changing VAT status

Hi,

I’m closing off my year end and I have a VAT liability created as an asset in my balance sheet. I was only VAT registered at the beginning of the year and didn’t enable it in Quickfile, it picked it up during bank tagging. I’ll need to clear it down, would it be right to debit sales credit VAT liability to do so?

Any help much appreciated on this.

Thanks,
Stuart.

What is your year end?
What is you date of vat registration?

Year end is 30jun2013 I was VAT registered on a flat rate scheme during the first half of the year, de-registering feb2013.

Thanks,
Stuart.

So there was refund due at final vat return? is that correct?

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