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electraform
May 2, 2018
Solved

I have de-registered for VAT, how do I turn the feature OFF in Quickbooks

  • May 2, 2018
  • 1 reply
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I started using the FRS but my accountant advises me until I hit the theshhold I should de-register for VAT with HMRC. I have done this but can't turn the feauture OFF in Quickbooks. I am trying to set up invoices and my VAT details are defaulting in the company details and I can't get rid of them - any help would be appreciated

Best answer by

Hi Electraform,

 

I can help you here.

 

Once you turn on VAT within QuickBooks Online, you are unable to turn it off. This is due to accounts and transactions not reporting correctly for any transactions that do have a VAT code on them historically within the books.

 

However, what you can do is change your default settings for VAT to No VAT so that you are not prompted to enter a VAT code on transactions when you create them. This can be changed at a later time to either Exclusive or Inclusive of VAT when you do become VAT liable again.

 

To do this, simply follow the below.

 

  • Click on the Gear icon in the top right of the Dashboard screen
  • Select Accounts and Settings
  • Click into the Advanced tab
  • Click into the Accounting section to expand the accounting options.
  • Change the Default tax rate selection to 'No VAT'
  • Remember to click Save to record the change.

 

Now when you create transactions, the default will be No VAT and the VAT Code column will not appear on the transaction screen.

 

Let me know if you need anything further

1 reply

A
Anonymous
Answer
May 2, 2018

Hi Electraform,

 

I can help you here.

 

Once you turn on VAT within QuickBooks Online, you are unable to turn it off. This is due to accounts and transactions not reporting correctly for any transactions that do have a VAT code on them historically within the books.

 

However, what you can do is change your default settings for VAT to No VAT so that you are not prompted to enter a VAT code on transactions when you create them. This can be changed at a later time to either Exclusive or Inclusive of VAT when you do become VAT liable again.

 

To do this, simply follow the below.

 

  • Click on the Gear icon in the top right of the Dashboard screen
  • Select Accounts and Settings
  • Click into the Advanced tab
  • Click into the Accounting section to expand the accounting options.
  • Change the Default tax rate selection to 'No VAT'
  • Remember to click Save to record the change.

 

Now when you create transactions, the default will be No VAT and the VAT Code column will not appear on the transaction screen.

 

Let me know if you need anything further

E
electraformAuthor
May 2, 2018

Thanks for that, my other issue is the invoice templates - My Company has a VAT number that I cannot remove and the invoice sub total has Total VAT that I can't seem to remove either. Please see attached image.

 

Rob

E
electraformAuthor
May 2, 2018

Also I can't seem to 'save' my templates, every time I go to the Customise section, I get a new template and not the one I edited. Where are my saved templates stored please.

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