MTD VAT submission can only be processed when the onboarding steps are complete, you can learn more about this by clicking here.
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 click here.
Navigate 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.
You may receive the message below when first reaching the VAT return menu. If you have only just signed up for the MTD VAT scheme it can take up to 48 hours for HMRC to complete processing this change.
On the next page, once you have reviewed the VAT return values, you can proceed to create a draft return by clicking on the Create draft VAT Return button. A popup box will then appear, click on the Continue button to confirm.
After reviewing the invoice breakdown and you are satisfied with the values, you can click on the Finalise Draft Return button to proceed. A pop up box will then appear, click on the Continue button to confirm.
Once you have confirmed the VAT return, you must click on the Submit button to send the VAT return data to HMRC.
The data submitted to HMRC are the total values shown in the 9 boxes in Green below.
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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