Question asked by Kerry Sherwood 10 years ago
Hi all, I have been using clear books for some years now and have started to use stripe to take ort international payments. Now with the introduction of MOSS I was wondering how people are handling their MOSS returns between stripe and Clearbooks? Any advise would be gratefully received.
Hi Kerry
Does your ordering system give you the option to break your sales down per country? If so, why not just pull the info from there instead of worrying about getting it into Clear Books properly which is likely to be a long winded task at present. You can then just make a monthly/quarterly adjustment by journal to account for VAT you'll be declaring via MOSS.
Best answerHi Kerry,
First of all would it be possible to know how you currently process payments from Stripe? Do you create a sales invoice and then import a statement from Stripe or do you import a statement and explain the transactions directly from the imported statement or is there another process you currently use?
Hi
The system I am developing that uses strip isn't live yet but will be this month, so I am not currently using it via clearbooks. I had to think about how I would use it and I came up with a couple of options, both seem annoying to me.
Option 1.
Create an invoice for each country I am selling to so I can get the VAT and manually enter the total figure from stripe for each country. Then clear books can create my MOSS VAT figures and ignore the figure that gets imported with my bank account - I don't really want to do this as it will take a lot of time and effort.
Option 2.
As strip will pay me each month (minus their fee) I will just import this figure from my bank account, I will then use Strip and another service I am using called Taxomo to generate my MOSS VAT figures and manually upload this to HMRC - This seems the better option for my time and effort.
My concern with doing option 2 is I am not sure how clear books would handle this when I do my VAT return every 3 months.
Thanks
Kerry.
Hi Kerry,
If you are just recording the payment from Stripe then the system will not know the VAT that was applied to the original transaction.
My advice would be to create a new bank account for Stripe in Clear Books and if possible export a statement from Stripe and import this into the bank account on Clear Books. Explain the payments and receipts with the appropriate VAT rates on this statement.
You can then explain the receipt of money on the imported statement of your business account as transfers from the Stripe account.
Hi Kerry
Does your ordering system give you the option to break your sales down per country? If so, why not just pull the info from there instead of worrying about getting it into Clear Books properly which is likely to be a long winded task at present. You can then just make a monthly/quarterly adjustment by journal to account for VAT you'll be declaring via MOSS.
Best answerThanks Kevin, that is kind of what I was thinking for now. I was just wondering if this is how other people do it and how they would handle it in Clearbooks.
That's exactly how i'm doing it, especially as the return has to go in manually via the Gov Gateway anyway (which is a fairly long winded process in itself as none of the %'s pre-populate when you select the appropriate country.
You must 