The app automatically calculates your VAT return using the financial data from your business account. To use these tracking features, you just need to be VAT registered.
Your final VAT return figure depends on the specific VAT rates and treatments applied to your transactions during your selected VAT period.
⚠️ Important: The app currently supports the standard VAT accounting scheme only.
What data is included in the calculation?
We look at a few different types of records across your business account to build an accurate picture:
Payment transactions: The money flowing in and out of your main account.
Sales invoices: The invoices you create and send to your customers.
Bills: The supplier invoices and business expenses you record.
Journals: Manual adjustments made on your behalf if you have linked an accountant to your account.
If you ever need to make changes to a specific item, you can read our guide on how to edit transaction VAT details.
How your VAT periods are set
Your tracking deadlines and return frequencies are determined in one of two ways:
Connected to HMRC: If your account is linked, your dates and deadlines are automatically synced from the live information we receive from HMRC.
Manual Setup: If you choose not to connect, the app calculates your timelines based entirely on the period start and end dates you entered during setup.