Currently there is a field for "vat registered" on the book, however this is mostly ignored and VAT options shown on forms and used in calculations.
Companies who vat register can usually claim back 4 years of expense VAT, and 6 months of other kinds (services?)
so there is value in tracking input VAT for a company that might have some prospect of having to register in future, even if they do not file returns.
However the option to disable VAT entirely should work correctly
Currently there is a field for "vat registered" on the book, however this is mostly ignored and VAT options shown on forms and used in calculations.
Companies who vat register can usually claim back 4 years of expense VAT, and 6 months of other kinds (services?)
so there is value in tracking input VAT for a company that might have some prospect of having to register in future, even if they do not file returns.
However the option to disable VAT entirely should work correctly