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While VAT, once turned on in the product, cannot be completely turned off, it can still be removed from showing on the transaction pages and can be removed from appearing as a field in invoices, bills, expenses etc...
To do this, on the transaction page when you are creating the transaction there will be an option on the right hand side that says 'Amounts are...' with a drop down box. Here you will have the option to select 'Inclusive of VAT', 'Exclusive of VAT' or 'NO VAT'. If you select NO VAT then the entire column on the transaction box will be removed and will not appear anywhere on the transaction when saved or messaged to your customers. If NO VAT is selected then no VAT will be recorded at all and this will not count toward your VAT returns that are filed through QuickBooks.
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@I have accidentally turned on VAT. Now whenever transactions come through in the bank, I cannot categories without selecting each transactions VAT rate.
How can I turn this off as there are hundreds of transaction?
Once the VAT is turned on, it is is irreversible. 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 each 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.
Once you create or record a new transaction, it will be classified as No VAT by default. Also, the VAT Code column will not appear on the transaction screen.
I've added these articles that share about VAT settings, VAT codes, and VAT exceptions and reports in QuickBooks:
Get back to us here if you have other questions about using the VAT feature in QuickBooks. I'm always here to help.
I can see the importance of hiding your VAT Registration Number and column in your QuickBooks Online (QBO) transactions, @kkkkkkkkkkk. However, it's currently not an option once you'll be charging sales taxes. Let me provide further details about this.
Right now, the only way to hide your VAT Registration number and column in your transactions is to change the Amounts are field to No VAT. But since you'll be charging sales taxes, the above-mentioned fields will be visible in your forms. The good thing with this is you'll be transparent to your customers when it comes to your tax charges.
In the meantime, I'd recommend visiting our blog. This way, you'll get the latest product updates, features, and news. Just check out this article: The QuickBooks Online blog. It also contains trending topics about managing your business with QBO effectively.
I'm also adding this article to further guide you in monitoring your VAT transactions in QBO: Pay and manage VAT in QuickBooks. It contains topics about submitting returns to HMRC and VAT codes to name a few.
Please let me know if you have other concerns. I'm just around to help. Take care always.
It is a legal requirement in the UK to show the VAT registration number on the invoice if the invoice includes VAT, if you do not have VAT on the invoice the VAT number will not show.