Clear Books

MTD VAT submission can only be processed when the onboarding steps are complete. MTD Onboarding for SMEs MTD onboarding for Partners It is manda...

When you register for VAT you can reclaim VAT on your historic purchases as explained in the HMRC document below: https://www.gov.uk/vat-registration/pu...

Table of Contents 1. Introduction 2. Obligation Period 3. Obligation Period Errors 3.1 No error message, but no obligation periods 3.1.1 HMRC Data I...

Table of Contents 1. Reversing a paid invoice on VAT invoice accounting 2. Reversing an unpaid invoice on VAT invoice accounting 3. Reversing a paid inv...

Once you submit an MTD VAT return, the system will generate a purchase refund from your HMRC contact if you are owed money, or a bill to your HMRC contact i...

How VAT is treated in Clear Books On an invoice accounting VAT scheme, VAT on sales and purchases, credit or debit the VAT control account. On a cas...

The tool enables users to compare VAT liabilities under Standard VAT - in which VAT is based upon the difference between VAT charged to customers and VAT pa...

Whenever you create a new invoice or bill, and the VAT rate and VAT treatment are not set in the Customer's & Supplier's settings you can set de...

On the standard invoice accounting scheme, VAT from invoices Credit the VAT control account and VAT on bills Debit the VAT control account. Therefore, the V...

In Clear Books, transactions are locked to a VAT return once a return is saved as a draft. The VAT exceptions report will only show those transactions that ...