Sage 50 Accounts

...don't worry, our quick guide will help tyou to put this right: Read more >

We've collated some top tips and best practice for calculating an accurate VAT Return. Check out the guide now >

HMRC are currently undergoing work on the transformation of VAT services which will involve migrating customers to a new IT platform. This impacts customers with an existing Direct Debit. UK banking regulations require HMRC to hold a valid contact point…

If you're VAT registered, you can use Sage 50cloud Accounts to submit your VAT Returns to HMRC. We've pulled togther our support resources for VAT in one support Topic on the help centre to assist you with this topic. Take a look now >

From 8 April 2021, HMRC changed the names of some of the boxes on the UK VAT Return to reflect that the UK is no longer part of the EU and to recognise the Northern Ireland Protocol changes. Read more >

From 1 July 2021, there are changes to the way VAT is handled for online sales from businesses worldwide to consumers (B2C) in the European Union (EU). The purpose is to make it easier for those selling to consumers across the EU’s national borders…

Before you run your VAT Return, it's useful to check for non-standard tax codes on your sales and purchases. This can highlight transactions where an incorrect tax code may have been used. It's quick and easy to do in the Accounts audit option. Read…

If you're unsure which tax codes affect which area of your VAT Return, why not use our quick guide to help you get your VAT right every time. Read more >

HMRC reported that their VAT MTD service was unavailable on Monday 19/04/21. This situation is now resolved.

From 8 April 2021, HMRC is changing the names of some of the boxes on the UK VAT Return to reflect that the UK is no longer part of the EU and to recognise the Northern Ireland Protocol changes. Don't worry, there's no action for you to take and this…

If you deferred your VAT payments which were due between 20 March and 30 June 2020 and you haven't yet paid the deferred amounts, HMRC's new repayment scheme is now open. Under the new scheme, qualifying businesses can repay the VAT in installments…

If your business is voluntarily registered for VAT but you're not registered for Making Tax Digital (MTD), the way you can submit your VAT returns is changing from April 2021. Read more >

If you're a UK business trading with the EU, the tax codes you use when posting imports and exports may have changed now the Brexit transition period has ended. For general guidance on which tax codes to use for imports and exports, take a look at our…

Become a Sage 50cloud Accounts VAT Return expert in just an hour with this free, short course. Learn how to: Configure your VAT Settings Prepare to complete your VAT Return Produce your VAT Return Find out more >

If your company is registered for VAT, you can reclaim the VAT on fuel provided by your company for use with company cars. This usage includes both private and business mileage. In return, HM Revenue & Customs (HMRC) require a charge to be paid. You should…

To help make sure your accounts are accurate, you can use the Accounts audit option in Sage 50 Accounts to quickly check for sales and purchases posted with a non-standard tax code which may be incorrect. Useful to run before calculating your VAT Return…

Please find below a list of the top five search topics in the Sage Knowledgebase for Sage 50cloud Accounts in the last 7 days. We've linked them to the most appropriate articles and support material, is there something there that you've been looking for…

On Wednesday 15 July, a VAT reduction came into effect for certain goods and services within the hospitality, holiday accommodation and attractions sectors in the UK. This reduction will see VAT change from 20% to 5% for the next six months. We have…

If you're VAT registered, it's important that your transactions have the correct tax codes against them, to ensure your VAT Return is accurate. You can find a summary of Tax Codes to use for popular goods an services here >

If you took advantage of the UK Government VAT deferral scheme, don't forget that VAT Returns with a payment due after 30 June must be submitted and paid as normal. If you normally pay by Direct Debit, don't forget to reinstate your Direct Debit at…

UK VAT registered businesses who have a VAT payment due between 20 March 2020 and 30 June 2020 have the option to defer the payment until a later date, without paying any interest or penalties. Read more >

Getting into a regular rhythm of recording and checking your organisation's transactions in your Sage 50cloud Accounts software will help you to keep on top of finances and stay informed about how you're performing. Read more >

If you're VAT registered, it's important to apply the correct tax rates, in Sage Accounts, the rates are applied based on the tax codes you choose for any transaction. The following overview article outlines some common goods and services an the tax rates…