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VAT Accounting (Beta)

Overview

This feature is available under a development licence and we are inviting customers to become early-adopters. Please raise a Support Ticket if you would like to join the VAT Accounting “Beta” programme.

Clubtreasurer VAT Accounting is designed to help small VAT-registered businesses and charities to keep records of sales and purchases required to complete VAT returns based on UK HMRC requirements*. 

*Please note that Clubtreasurer does not support Making Tax Digital and you may need additional software to submit your returns.

Non VAT-registered organisations can also use this feature to help evaluate whether to switch to VAT-registered status. 

Clubtreasurer uses the Cash Accounting VAT scheme. Your VAT returns are based on when you receive or make payments, rather than when you raise or receive invoices. (Note that Clubtreasurer does not currently record VAT on Accruals and Prepayments, if you have enabled the Accruals Accounting method.)

Health Warning: Managing VAT can be complex and we strongly recommend that you consult your accountant to ensure that you are charging correct VAT rates on goods and services you sell, and correctly completing VAT returns.

VAT Accounting Overview

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VAT Reporting

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