Forum Message

Deregister for VAT

Since I started using Solar I have been a VAT registered company. I have just deregistered with HMRC as the thrust of my business is now with individuals and small business. What is the correct procedure for handling this in Solar?
Thanks


Posted by James Loudon on Jan 21, 2016 4:27 PM GMT

Hi James,

OK here's what you need to do:
1. Enter all your transactions dated until the last day of your final VAT period
2. Click menu Setup > Contact Details & VAT and remove the tick next to 'Registered for VAT'
3. Continue entering your transactions dated after your final VAT period

Regards,


Posted by Mark McLaren (Solar Accounts) on Jan 22, 2016 3:39 AM GMT

Thanks Mark - I was wondering if it could be that simple, so pleased to hear it.
Best regards


Posted by James Loudon on Jan 22, 2016 10:21 AM GMT