VAT Schemes
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...
Thu, 24 Jun, 2021 at 3:31 PM
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...
Thu, 24 Jun, 2021 at 3:32 PM
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...
Thu, 24 Jun, 2021 at 3:32 PM
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...
Thu, 24 Jun, 2021 at 3:32 PM
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...
Thu, 30 Nov, 2023 at 2:55 PM
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...
Thu, 24 Jun, 2021 at 3:33 PM