Tax estimate is zero

Hi Andrew,

I'm extremely sorry for the delayed response.

Please could you provide us a screenshot of the issue you are experiencing by raising a ticket with our support team using the guide below.

http://www.clearbooks.co.uk/support/guides/getting-started-2/ask-support-within-clear-books/

I hope to hear from you in due course,

Shaz

Thanks, have done.

Can you post the answer here please, I have the same issue. - ie how do I make Clearbooks automatically calculated tax (at 20%)?

Hi Ed

Are you a limited company or self-employed?

limited company

In that case, to the best of my knowledge, Clear Books will simply apply 20% to the net profit showing on this years P&L.

It won't add back depreciation, it won't add back client entertaining and it won't add back the likes of fines/penalties or anything else that isn't tax deductible. Nor will it take Capital Allowances into account for purchases that have hit the balance sheet.

In my humble opinion (and I don't say this lightly as I love Clear Books), unless you've personally got a very good grasp of limited company accounting, that particular widget is best switched off.

I would like to turn it on, so that every time I make an entry in assumes 20% tax. And then at the end of the reporting period the tax calc can be done properly.

So do you know how to turn that "particular widget" on?

Presuming you've got full admin rights....

1. Scroll to the bottom of the home page to where it says Customise Dashboard.
2. Hit the + sign over on the right
3. Tick Dividends
4. Hit save

I have a similar question,

It is recording income and expenses, no issues, but doesnt give a me an estimate of tax- to ensure im putting the correct amount asisde, (self employed) basic rate tax

Can anyone assist as to what im missing

Hi David,

I have taken a look and can see you have signed up to do MTD for income tax from next tax year (2026-27). The tax estimate available on the Sole Trader plans comes directly from HMRC and is based on quarterly updates sent to them, along with other data held about the individual like PAYE income etc.

So, if you are not signed up for MTD for Income Tax for the current tax year, HMRC will not produce a tax estimate for you. You will be able to see it as soon as you have submitted your first Quarterly update.

We do, however, have our own tax estimate based purely on the current business under Reports > Profit and Loss, but does not include other self employment, property, PAYE income etc.

Tommy