Delete VAT Status

Note: Changes made to this part of the application can signficantly affect your data. If you are unsure, speak to your Accountant first.

To delete an existing VAT status, perform the following steps:

• Click the Settings tab, and then VAT.
• From the displayed list, click the 'X' image on the right hand side of the relevant row.
• Confirm the action.
• Click the Save button.

VERY IMPORTANT NOTE

The deletion will only succeed if there are no existing transactions already saved with the VAT Status being deleted. You have two options if existing transactions were entered with an incorrect VAT Status:

1. Firstly, delete/void all the incorrectly entered transactions. Then change the VAT Status, or delete it and enter a new one. Lastly, re-enter the transactions.

2. Enter a new VAT Status with the correct settings and the same 'Valid From Date' as the existing incorrect record. You will only be able to do this if the date is not included in a saved VAT Report. Any existing transactions with a transaction date on or after the 'Valid From Date' will need to be opened and resaved to pick up the new VAT Status. This step is extremely important as the VAT Status is set in the transaction and referenced during creation of the VAT Report. Alternatively, you can void/delete these existing transactions and re-enter them.