We de-registered from VAT on 31st November, how do I do this?

chrisjohnrush · ‎February 07, 2019

VAT de-registration in QBO

Bryony · ‎February 07, 2019

Hello chrisjohnrush,

Thank you for contacting community.

You cannot de-register from VAT in QuickBooks Online, as you are unable to turn off the VAT feature. However you are able to set your default VAT code as no VAT. This would be the same as having VAT turned off as it will no longer post anything to your VAT center for you to submit to HMRC.

To do this please follow the below steps:

1. Log into QuickBooks Online.

2. Click on the Company Cog in the top right hand corner.

3. Select Account and Settings.

4. Click Advanced from the left hand options.

5. Under the section Accounting click the edit icon.

6. Change Default tax rate selection to No VAT.

7. Click Save and then Done.

Let me know if you have any queries. Or, if you'd like to go through this over the phone, you can call our dedicated team who will be happy to assist you. Our contact details can be found here along with our opening hours.

View solution in original post

Bryony · ‎February 07, 2019

Hello chrisjohnrush,

Thank you for contacting community.

You cannot de-register from VAT in QuickBooks Online, as you are unable to turn off the VAT feature. However you are able to set your default VAT code as no VAT. This would be the same as having VAT turned off as it will no longer post anything to your VAT center for you to submit to HMRC.

To do this please follow the below steps:

1. Log into QuickBooks Online.

2. Click on the Company Cog in the top right hand corner.

3. Select Account and Settings.

4. Click Advanced from the left hand options.

5. Under the section Accounting click the edit icon.

6. Change Default tax rate selection to No VAT.

7. Click Save and then Done.

Let me know if you have any queries. Or, if you'd like to go through this over the phone, you can call our dedicated team who will be happy to assist you. Our contact details can be found here along with our opening hours.

Champse · ‎August 15, 2019

Hi,

this is helpful.

However, despite not posting into the VAT acc within the balance sheet, VAT it still accounted within the P&L ie tot revenues or tot expenses take it into account.

Do we have to deselect vat from every transaction?

Thanks

EdwardR · ‎August 15, 2019

Hi Champse,

Is your VAT assigned to individual stock items with in the account? If so this can also be amended within the stock section of the account.

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We de-registered from VAT on 31st November, how do I do this?