The VAT settings section, allows you to edit your company's VAT details.
You can navigate to it by clicking then 'VAT Settings'
Updating some information, such as the year end can have consequences to the accounts and VAT Returns so it is best to speak with your accountant first in order to establish whether this change is appropriate.
What can be updated?
Effective Date is the date the business became registered for VAT
VAT Number is the VAT number of the business
First VAT Return End Date is the date of your businesses first VAT Return period end
VAT Accounting Basis is the number of shares in the limited company
Flat Rate Percentage is the full percentage that you have been registered on, under the flat rate scheme, without any discounts.