Amend VAT details

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Amend VAT details – Free Online Small Business Accounting Software Questions & Answers

Hi guys,
We want to amend our VAT registration details on our company. We are not registered for VAT yet as we are still under the threshold. How do we apply this to our account?
Thanks
Jenny

2 answers

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Peter Connor ⋅ Staff January 21, 2015

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Hi Jenny

Sorry for the delay in getting back to you.
Can I just clarify what you want to do. you mention you’re not registered for VAT but you want to amend the VAT Registration details.
Are you looking to setup VAT on your company account in Bullet? If so I’ll need the following information.
1) The email address you used to setup your Bullet account with.
2) The VAT number the government gave you.
3) The date the government registered you (2, and 3 should be in the VAT letter the Gov sent you).

Thanks

Pete

#answer-1223

JennySynnott January 21, 2015

Thanks Pete. We were actually wondering how to make our default in Bullet No VAT (i.e., no reminders to pay VAT, no separate VAT items on our P&L and other reports, etc.) as we are not registered for VAT. Also, when we register for VAT, how do we reverse the actions above and adjust to a reduced VAT rate for our sales (we will be applying 9%).

We registered for Bullet

Many thanks,
Jenny
The Dublin Cookie Company
Peter Connor January 21, 2015

Hi Jen,

Ah, so you're not registered for VAT, but all the VAT stuff is coming up in your company accounts.

Ok, the reason this has happened is because when you setup your Bullet account you must have stated your were registered for VAT, so Bullets applying all the VAT questions to your accounts.

If you want to convert your company to a VAT registered company in Bullet simply email us the information below.

1) The email address you used to setup your Bullet account with.
2) The VAT number the government gave you.
3) The date the government registered you (2, and 3 should be in the VAT letter the Gov sent you).

This is what I'll do.

1) I'll check if you've registered your Bullet account for VAT
- If so I'll un-register it for VAT in Bullet.
- If not I'll drop you a mail.

Make sense?

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Peter Connor ⋅ Staff January 23, 2015

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Hi Jenny
The news isn’t good, I’m afraid.
You set-up a VAT registered account in Bullet. There are already recorded 207 invoices, and 504 bills – and they’ve recorded VAT for all the bills when you shouldn’t have. There’s no easy way for us to fix this – it will take a while. What you need to:

1) Change all the bills to remove the VAT (ie. change it to 0% and change the rate to include the VAT amount so that the total remains the same).
2) Do the same thing for invoices
3) We can then de-register you for VAT.

You’ve logged in 227 times, I’m not sure why it took so long to see the mistake but again this will what you’ll need to do to rectify it.

Mark everything as 0% VAT and adjust the rate to include it. For example, suppose you a had a bill for €100 euro and 23% VAT. You’d have to go in and change the bill to 0% VAT, but then change the bill amount to €123 (from €100), so that the bill still adds up to the same amount.
Hope that helps, sorry we don’t have an automated way to do this, but it never happens.
Let me know when you’re done and we’ll flick your account over to VAT registered.
Thanks

Pete

#answer-1233

JennySynnott January 23, 2015

Many thanks for the information, Pete. I remember when we first registered with Bullet, we had no option (or maybe we just couldn't see one) for no VAT registration. We weren't allowed to go on to the next steps without entering a VAT number, so we made one up. We will look into changing everything now and get back to you once we have. kind regards,
Jenny
Peter Connor January 23, 2015

Hi Jen,

I'm not sure Jen. But we've always asked for VAT or No VAT, cause he's a huge shift in the product. If that problem existed we'd have found out about it 4 years ago when we launched.

Let me know how you get on though.

Pete

Amend VAT details