How this works
Enter all transactions up to the date you wish to register for VAT. Any transactions already entered will not include VAT and will not report on any subsequent VAT returns.
If any of these transactions need to include VAT, delete and re-enter them after you change schemes.
After you change to the Standard VAT scheme, we add VAT rate and VAT columns when you enter transactions.
Any transactions you enter after you turn on the Standard VAT scheme, regardless of the date of the transaction, may include VAT and can be included in a VAT return.
How to change to the standard VAT scheme
- Select More and then select Business Settings.
- Select Accounting dates and VAT.
- Use the VAT Scheme drop-down to select Standard.
- Select the relevant Submission Frequency.
- Enter your VAT number.
- Select Save.
TIP: The submission frequency is usually quarterly. HMRC will let you know how often they want you to submit your VAT Returns.