As a VAT-registered business, you can reclaim VAT on many of the goods and services you purchase. Our quick guide outlines which expenses you can claim for and what evidence you need to supply. What is input VAT? Input VAT is the amount of tax added to the price of goods or services purchased for your business.
Clear Books, one of the UK’s first online accounting software providers, has successfully submitted its first VAT return through HMRC’s Making Tax Digital API. With Making Tax Digital (MTD) for VAT coming into effect from April 2019, the successful beta test paves the way for thousands of Clear Books users to complete simple three-step VAT returns directly to HMRC.