VAT return

How to change the HMRC entity
Step 1. Navigate to Settings > Organisation > Details & Tax. Step 2. Click on the Tax tab on the box to the left. Step 3...
Thu, 21 Jun, 2018 at 4:28 PM
Establishing online submissions to HMRC of your VAT / EC Sales returns
There are four steps involved in order to be able to submit your VAT returns and EC Sales Lists (ECSL) online with Clear Books. In total, the online ste...
Thu, 21 Jun, 2018 at 4:29 PM
How to create and submit a VAT return
Step 1. Navigate to Reports > Popular reports > VAT return Step 2. Under the New VAT return heading, search for invoices between two spe...
Thu, 21 Jun, 2018 at 4:30 PM
How capital expenditure goods are treated on the FRS
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, 21 Jun, 2018 at 4:30 PM
Declaring VAT on Payments
Cash accounting If you create an unallocated receipt or payment, you can declare a VAT amount upon running a VAT return. Head to the Reports > All &g...
Thu, 21 Jun, 2018 at 4:30 PM
VAT reconciliation for Invoice Accounting
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...
Thu, 21 Jun, 2018 at 4:30 PM
VAT owed to HMRC overstated due to missing HMRC payments
Scenario 1: Missing HMRC VAT bill causing the Dashboard VAT owed figure to be overstated. In this example, if we head to Dashboard > Overview, we can...
Thu, 21 Jun, 2018 at 4:30 PM