Calculating whether to be on flat rate or not.

Question asked by Pete 8 years ago

I know that up to now I am better off on flat rate VAT, however the new category (limited cost trader) about to be introduced is making me wonder whether I should continue. I am a limited cost trader and my flat rate will be going up from 11% to 16.5% (ouch). I get the feeling i will still be better off under flat rate, however I wondered if there is a quick way to calculate. I think in Sage there is an option that shows you immediately whether or not you'd be better off on flat rate of not so I wondered if there was something in Clearbooks that does this.

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3 Replies

Hi Pete,

The VAT comparison feature should show as long as your Clear Books account is set up as being VAT registered. In order to look into this issue, please provide details of your company name, either in reply to this message or by emailing contact support.

Best answer
8 years ago

Hi Pete,

The VAT comparison feature should show as long as your Clear Books account is set up as being VAT registered. In order to look into this issue, please provide details of your company name, either in reply to this message or by emailing contact support.

Best answer
8 years ago

It's Ok this was already answered by support. It was there, just the menu names were different than in the documentation (which i think has now been changed)

8 years ago

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