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HAM9
January 27, 2024
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Enabling VAT after using Quickbooks

  • January 27, 2024
  • 1 reply
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I am setting up someone on QB in another jurisdiction using a suitable region's QB version that has VAT. There are transient tax laws that may affect whether the taxpayer has to register for VAT or not in the country and thus enable VAT or not in the QB system. Can VAT be enabled later on if and when required while in the meantime we continue using QB without enabling VAT?

Best answer by ChristineJoieR

Hello there, HAM9. I'll be here to share details on QuickBooks Online VAT concerns. 

 

Yes, in QuickBooks, you can enable VAT at a later time if and when required. You can continue using QuickBooks without enabling VAT initially and then enable it when necessary due to transient tax laws or changes in the taxpayer's status. QuickBooks allows for flexibility in enabling VAT based on the specific requirements of the jurisdiction and the taxpayer's circumstances.

 

Additionally, please review the provided article for detailed guidance on managing your VAT process, adjusting VAT settings, codes, and rates, and incorporating extra tax rates, group rates, or customized tax options: Set up and edit VAT settings, VAT codes, and VAT rates.

 

You can also refer to the following article about the common VAT codes and how to create a new VAT code.

 

If you require further assistance with your VAT codes, feel free to reach out in the comment section below. Stay safe, and have a great day!

1 reply

C
ChristineJoieRAnswer
January 28, 2024

Hello there, HAM9. I'll be here to share details on QuickBooks Online VAT concerns. 

 

Yes, in QuickBooks, you can enable VAT at a later time if and when required. You can continue using QuickBooks without enabling VAT initially and then enable it when necessary due to transient tax laws or changes in the taxpayer's status. QuickBooks allows for flexibility in enabling VAT based on the specific requirements of the jurisdiction and the taxpayer's circumstances.

 

Additionally, please review the provided article for detailed guidance on managing your VAT process, adjusting VAT settings, codes, and rates, and incorporating extra tax rates, group rates, or customized tax options: Set up and edit VAT settings, VAT codes, and VAT rates.

 

You can also refer to the following article about the common VAT codes and how to create a new VAT code.

 

If you require further assistance with your VAT codes, feel free to reach out in the comment section below. Stay safe, and have a great day!

H
HAM9Author
January 28, 2024

@ChristineJoieR Thanks for your reply. Just one more query. After enabling VAT, can it be disabled later on if required as laws get chopped and changed?

 

Also if VAT is enabled, on invoice and sales forms I see VAT registration number field for the business that cannot be removed from the template. Is there a way it can be deselected or hidden from appearing on Sales forms.

 

The reason for asking the above is on a trial system I enabled VAT without thinking of the consequences. Now there are some VAT fields and information that cannot be removed on Sales forms.

 

Thanks.

E
Erika_K
January 28, 2024

On behalf of my colleague, you're most welcome HAM9. I'm here to provide further details about the VAT functionality. 

 

After enabling this feature, it will become permanent and cannot be disabled. However, we can set the default VAT to No VAT to stop it from showing in your transactions. 

 

Here's how: 

 

  1. Go to the Gear icon.
  2. Select Account and settings.
  3. In the Advanced tab, look for Accounting and choose the Pencil icon.
  4. Change the default tax selection to No VAT.
  5. Click Save and then Done.

 

Afterward, we can hide the VAT feature in your sales forms. 

 

Perform the following steps: 

 

  1. Locate the Gear icon and select Account and settings.
  2. Choose the Sales tab.
  3. Next to Customise, click Customise look and feel.
  4. Select New style and choose a sales transaction.
  5. Click the Content tab.
  6. Hit the header on the sample form to start editing that section. Under Display, remove the Customer VAT number.
  7. Select the content on the sample form to edit that section. Untick the VAT column.
  8. Choose the footer on the sample form, then remove the VAT summary option. 
  9. Hit Done.  

 

I'll add this article for additional info: Turn off VAT in QuickBooks Online. 

 

Visit this article to learn how to adjust your VAT liability using QuickBooks Online (QBO), what happens after you make a VAT adjustment, and key things to remember before submitting a VAT return: Make VAT adjustments in QuickBooks Online. 

 

Don't hesitate to post here or hit the Reply button if you have more concerns about managing VAT in QBO. Keep safe always. 

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