Ability to turn VAT off for UK Customers
Please can you add the ability to turn off VAT within Quickbooks. In this economic climate a number of our clients have now deregistered for VAT and they need to be able to reflect this in their accounts, without always putting items to 'Out of Scope' - which is not the correct way to accounts for items. Please can you let me know if this is in the pipeline and also how long it will take to implement.
Paul Adelson commented
ffs do the following:
Settings cog > Company settings > Advance (left nav) > Under 'Accounting section' > Default tax rates > SELECT NO VAT! thats it end. no more headache, pain or tears and no more wasted votes.
Now all your VAT liability amounts will remain active in QuickBooks but thats no problem, once you receive your deregistration date from HMRC, run your VAT100 report up to that date and boom! job done!.
Jamison Miller commented
Please let us turn VAT tax off - its on and I cant even choose "out of scope" for expenses etc.
Yes please - it is a nuisance to constantly having to turn of VAT everytime using Quickbooks online.
Most small businesses in the UK are below £85000 VAT threshold and do NOT need VAT.
Please let us have the option to completely delete VAT.
make the vat option changeable so if you become non vat registered you can remove all vat reference from QB online similar to the old desktop version.
provide an option to turn vat off from a particular date. One of the QB recommended data transfer companies incorrectly activated the vat option and you cannot turn it off like the old versions. I now have to select no vat on all transactions
we need to be able to turn of the vat
Hi, my company details have been set up incorrectly with vat enabled but I am not vat registered. I am told you cannot remove vat without starting from fresh with a new company profile. I have used desktop based version for many years and you could change vat status when required e.g go above or below vat threshold and register/deregister for vat. surely this facility is still required without starting from fresh unless you tell me it is easy to transfer all data/invoices/ records etc to a new profile? Can you please reinstate the option to add/remove vat with a date option.