VAT is driving me nuts
how do I change my company from no VAT to VAT
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b0P4iCicqr4yUOacwZ5xHE
12/06/11 8:10am PST
Viewed by asker 12/07/11 5:07am PST
Viewed by asker 12/07/11 5:07am PST
1 Reply
Graceman
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12/06/11 8:24am PST
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The solution
In Edit preferences Vat section turn it on?
Do not set to use customer or supplier codes set default Vat to S or your standard rate of Vat and the other default to "O"(Alpha not Zero)
You then have to configure the Vat periods and the accoiunt it reports to in the supplier account for the vat agency, normally HMRC if Uk.
If you are veru unlucky and teh program is somewhat old then yopu might need to reconfigure the Vat items to apply the correct rate of Vat. In the correct Vat codes.
Its not hard just do it stage by stage.
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