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Meet FreeAgent

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Nail the daily admin

  • Estimates
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Relax about tax

  • Accounting
  • VAT
  • Self Assessment
  • Corporation Tax
Pricing
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  • Contractor accountants
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Resources

  • Guides for you and your clients
  • Webinars and videos

Making Tax Digital

  • MTD guides
  • Free Consultation

The MTD Express is here

Everything you need to get your clients sorted for MTD for VAT

Resources
  • Product Support
  • Blog
  • Guides for running your business
  • Accounting Glossary
  • Find an accountant
  • UK tax rates

Accountants

  • Guides for you and your clients
  • Webinars and videos

Making Tax Digital

Prepare for MTD with our handy guides and resources.

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Knowledge Base Getting Started Frequently Asked Questions
    1. FreeAgent
    2. VAT

VAT

Setting up, forecasting and submitting VAT returns online

Setting up VAT

  • How to change the default VAT return period length
  • Waiting for your VAT registration number
  • The VAT Flat Rate Scheme (FRS)
  • How to claim VAT back on purchases made before you were VAT-registered
  • How to enter your initial VAT settings in FreeAgent

Editing VAT figures and settings

  • How to post the journal entries required after you de-register your business for VAT
  • How to apply the reduced VAT rate to purchases and sales
  • How to adjust boxes 6 and 7 of your VAT return
  • Updating your VAT settings when you de-register your business for VAT
  • How to change your VAT Flat Rate Scheme details mid-quarter
  • How to change a contact's VAT setting

Your VAT return

  • What happens when I mark my VAT return as filed?
  • File your VAT return online through FreeAgent
  • Checking, editing and locking a VAT return
  • How to make corrections in a VAT locked period
  • How to export or print your VAT return in FreeAgent

VAT outside the UK

  • How to record sales and purchase transactions with businesses based outside the UK from 1st January 2021
  • How FreeAgent handles VAT MOSS
  • How does FreeAgent handle the reverse charge?

EC Sales List (ESL)

  • How to create an EC Sales List (ESL)
  • How to enable an EC Sales List (ESL)
  • How to record bank transactions for sales and purchases to or from the EU dated on or before 31st December 2020

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