VAT Deregistration UK

SOLVED

We recently deregistered for VAT and I have followed all of the actions on the Sage advice in relation to VAT deregistration.

However, on Company Preferences although I have deleted the VAT reg number the instructions do not say whether I need to change the VAT scheme selection. 
This is currently set to Standard VAT, there are 4 options -

Standard VAT
VAT Cash Accounting (UK)
Flat Rate - Invoice Based
Flat Rate - Cash Based

But no option to remove this completely. The instructions on Sage - De-register for VAT - UK only - does not mention having to do anything with this, just deleting the VAT number once all the other actions have been completed. So do I just leave it as we have deregistered part way through a financial year?

Thanks in advance for any help and advice people can offer.

  • 0
    verified answer

    Hi Casey,

    Thanks for using Sage City.

    You would just leave the scheme as is, so long as you've run your final VAT Return, updated your tax codes to the non-vatable code and removed your VAT number you've completed what is required in the software. 

    If this helps, please click Verify Answer.

    Regards,

    Andy
    Sage UKI

  • 0 in reply to Andy Rickeard

    Thanks for your reply Andy. You were right, there is no need to change the scheme. Another Sage Support person also confirmed this when I was discussing another issue related due to VAT Deregistration - how to change format of invoices to reflect no VAT. All sorted now, thanks for your help.
    Kind regards
    Casey Gibbons