Clear Books

You are classed as a ‘limited cost business’ if your goods cost less than either:  2% of your turnover £1,000 a year (if your costs are more than 2%) T...

For businesses operating outside the UK, you would set up a Customer GST VAT scheme in order to customise your Sales Tax rates. Step 1. Navigate to Set...

Clear Books deals with switching from VAT cash accounting to VAT invoice accounting smartly. If you switch midway through a quarter you have the option of d...

Depending on your business's eligibility, you would have to set up the relevant VAT scheme in Clear Books for HMRC tax purposes (if applicable). The VAT...

If a bill has been coded to a fixed asset account and has a value over £2000 including VAT, the system will include this on your next VAT return in box 4 an...

We do not have official support for the VAT Margin scheme, however, it is possible to use this scheme while on a standard VAT scheme in Clear Books. The exa...

This guide explains how to enable MTD VAT submissions in Clear Books. Please make sure to run through our MTD onboarding Wizard before attempting your f...

As a Partner in Clear Books, to submit your own MTD VAT returns you must copy across your business tax account to your new Agent services account.  You ...

Bills to HMRC are created automatically after the finalisation of a VAT return. The supplier that you have set up for HMRC should be added to the HMRC entit...

Table of Contents 1. Introduction 2. Advance payments on cash accounting 3. Invoice accounting 4. VAT Corrections 1. Introduction An advance pay...