A small business that has just started isnt registered for VAT.
Question 1 is: invoices show VAT (T1) but do I just ignore the VAT and just put the total in (T0)
Question 2 is: Do I do the same for VAT sales ie ignore the Vat
Question 3 is: If I ignore the VAT what happens later in the year if the business registers for VAT and all invoices and sales have been put through as To
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VAT non registration
- brucedenney
- Site Admin
- Posts: 4631
- Joined: 28 Feb 2006, 09:56
- Sage Version: v28 UK/Europe/Africa
As long as you are not registered for VAT, EVERYTHING is tax code T9.
You can alter the invoice layouts to not show VAT if you wish.
If/When you register for VAT, you can start using the normal vat codes and your VAT return will just work
You can alter the invoice layouts to not show VAT if you wish.
If/When you register for VAT, you can start using the normal vat codes and your VAT return will just work
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