VAT Registration API

[Andy_B]

Hi Guys,

We are using the QF API to push sales invoices from our own bespoke website to QF. We are starting to process a considerable volume of sales invoices. We have just hit the VAT threshold and are due to switch over to becoming VAT registered today. We have made the necessary API/code changes to facilitate VAT in both the website and subsequently QF and we are ready to test in a live environment.
I just wanted to reach out to the community to ask if there is anything else we should consider or be wary of when migrating from a Non-Vat to Vat Reg in context of the above.
One question I do have is, are there any easy, automated way of extracting out of the last 6 months of accounts purchases (prior to becoming VAT registered), those purchases that we have paid VAT on, as I am informed that we can recuperate the Vat on service invoices. (we have a mixture of VAT and None VAT suppliers & we have a fair volume of purchase invoices!)
Is there a slick way of doing this or is it a case of manually going through supplier by supplier, for the past 6 months or N/C and recording in a spreadsheet.
Regarding recuperating VAT on stock we still retain and have purchased over the last 5 years, because we buy stock from some many different sources, often job lots as well as new stock from suppliers and because we are a small business, we have never run a stock inventory and thus we have resided to the fact that trying to calculate what we have left against what we have purchased is almost a none starter.

Any thoughts would be much appreciated.

Thanks in advance.

Andy

[ian_roberts]

@Andy_B

One question I do have is, are there any easy, automated way of extracting out of the last 6 months of accounts purchases (prior to becoming VAT registered), those purchases that we have paid VAT on, as I am informed that we can recuperate the Vat on service invoices. (we have a mixture of VAT and None VAT suppliers & we have a fair volume of purchase invoices!)

Not really since before you were vat registered you wouldn’t have been recording the VAT on purchases anyway, you’d just have been the gross totals. And you want to be sure that anything you’re reclaiming VAT on has a valid VAT invoice from the supplier so you’ll need to go through your receipt scans anyway.

[Andy_B]

Hi Ian,

Thanks for the feedback. We are having a few considerations with the Schema in the live testing, however this is being dealt with under another support thread.

Thanks once again.