VAT return

How to change the HMRC entity
Bills to HMRC need to be created upon submissions of returns. The supplier that you have set up for HMRC should be added to the HMRC entity box so that the ...
Fri, 27 Jul, 2018 at 10:21 AM
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...
Sun, 9 Sep, 2018 at 12:52 PM
How to create a VAT return
Searching for invoices on the VAT return menu allows you to preview your VAT return before saving it. After searching for invoices, Creating the VAT ret...
Sun, 9 Sep, 2018 at 12:45 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
How to Submit a VAT return
To submit a VAT return as a business via Clear Books, you must first appoint Clear Books as an Agent in the Government Gateway. In total, the online ste...
Sun, 9 Sep, 2018 at 1:34 PM
How to submit a VAT return as an Accountant on behalf of a client
To submit a VAT return via Clear Books, as an accountant on behalf of a client, you must toggle on both the online VAT filling and set accountant as agent o...
Sun, 9 Sep, 2018 at 12:45 PM