VAT Schemes

How to work out Flat Rate for Limited Cost Business
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...
Mon, 17 Sep, 2018 at 4:19 PM
How to set up a custom tax scheme
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, 23 Aug, 2018 at 2:50 PM
How to switch from VAT cash accounting to invoice accounting
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...
Sun, 23 Sep, 2018 at 12:37 PM
How to set up a VAT scheme
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 VA...
Mon, 29 Apr, 2019 at 4:06 PM
The VAT Margin Scheme
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...
Mon, 18 Mar, 2019 at 12:51 PM