In preparation for the new Making Tax Digital for Business programme, users will be able to use Clear Books for MTD VAT submissions from May 2018 for the pilot/ beta period if they choose to participate. By April 2019, it is mandatory for all VAT-registered businesses over the VAT threshold (currently £85,000) to submit VAT return information through an MTD compatible software. For further information, please see here.
Navigate to Settings > Configure System > Toggle Features > VAT & Bank Import Tool > You must tick on Online VAT filing which will then enable you to tick MTD VAT Submissions.
You will then have the option to choose whether you'd like to submit your own VAT returns or alternatively, through your Tax Agent who is able to do so with their own government gateway credentials.
Please ensure that you have inputted your correct VAT number in Settings > Organisation > Details & Tax > Tax.
Please note: if you haven't done so already, you must go through the MTD onboarding process first to set up a new compulsory Agent Services account with HMRC, which can be found here.
Once the MTD onboarding process has been completed; authorising Clear Books to file MTD VAT submissions, in addition to the feature being toggled on, you must head to Tax > VAT > VAT Return.
The system will automatically pull through your VAT obligation dates and allow you to start creating a VAT return by clicking Get Started.
On the next page, once you have reviewed the VAT return values, you can proceed to create a draft return by clicking Create draft VAT Return > Click Continue.
After reviewing the invoice breakdown and you are satisfied with the values, you can click Finalise Draft Return > Continue to finalise the return.
Once you have confirmed the VAT return, you must click Submit to submit to HMRC.
Once this has been successfully submitted, the system will generate a Receipt ID which will have been returned from HMRC. You can then click Back to Overview where all historic returns will show under Existing VAT Returns.
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