Deregistration of VAT

Problem reported by Rachael POTTER 11 years ago

My client has deregistered for VAT but there is no option to allow for this eventuality. Help desk says to leave system as vat registered until all vatable transactions are processed and then alter VAT status. In the mean time all ongoing transactions should be processed as exclude from return. Given that suppliers invoices will still be turning up for some time that are dated prior to deregistration and need to be processed as such this seems to be a cop out. Can a system change be put in place which based on DATE can allow vat to be input or not required. Thankyou Rachael

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Accounting Accounting
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3 Replies

Hello Rachel,

I think that is a system issue at the moment and is a limitation where users need to move from one VAT registration to another method.

I will need to convert this into an Idea because the development team will need to be able to look at implementing this in the future.

Regards,

Vanish

11 years ago

Any news regarding this. I have just deregistered from VAT and am not sure what to do (?)

7 years ago

Hi Joe,

In this case, you must head to Settings > Organisation > Details & Tax > Tax > Manage VAT Schemes > Add a new VAT scheme as non-VAT registered on the date you became so.

Please let me know if there are any further queries?

Tommy

7 years ago

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