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VAT non registration

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petermcc

VAT non registration

Post by petermcc » 18 Apr 2006, 14:21

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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brucedenney
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Posts: 4631
Joined: 28 Feb 2006, 09:56
Sage Version: v28 UK/Europe/Africa

Post by brucedenney » 21 Apr 2006, 16:50

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
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