Improved visibility of the changes your clients make to transactions after deregistering for VAT

When a client who has deregistered for VAT makes changes to transactions that they made during their VAT-registered period, it’s important for you to know as soon as possible.

Handily, you can now easily review any changes that your clients make to their VAT returns after they deregister for VAT. This information is available in the ‘Taxes’ area of a client’s FreeAgent account and in their ‘Trial Balance’, ‘Balance Sheet’ and ‘Show Transactions’ reports.

Having a clearer view of the changes your clients make should help you to identify whether they’re eligible to reclaim VAT from HMRC.

If you have any questions, please feel free to speak to your FreeAgent contact.