Welcome to the Sage 50 Accounts UKI Support Group on Community Hub! Available 24/7, the forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
Hi everyone,
We get supplier invoices from within the EU. We are supposed to put these on Sage using a Reverse charge VAT code. As they are coming from the EU they are also supposed to appear in the value of the invoices in box E2 in the VAT Return…
I am just about to file a VAT return to realise that the previous back up hadn't been loaded since the last VAT return.
I know have two months worth of VAT returns on Sage 50, however one has already been filed.
I need to file this months VAT…
I have recently imported a vehicle to NI from EU, submitted the NOVA and have received word of a VAT liability.
What is my best way to account for this? Just add as an adjustment to Box 2 and Box 4 of the next VAT return, or are there journals I should…
Hi. I am trying to reconcile my VAT however have a difference between the total of NC 2200,2201 & 2202 and my VAT return outstanding at the time of TB being run.
I have checked payment postings and all is correct (I thought a mis posting threw it out…
Our annual VAT bill is likely to be in excess of £2.3m a year. We currently submit monthly VAT returns but wish to file a quarterly return - will this be possible?
Good afternoon, I wonder if you can help me. We have a customer in Northern Ireland who we deliver goods to.
When I ran VAT return, the VAT element of those invoices is not on VAT return (it is thought included in TB-2200), therefor I always have a…
Learn how to run through the wizard to generate your VAT Return and submit it online.
This session has now taken place, but you can catch up with an earlier recording:
I have completed 10 VAT returns and every time I do, every single transaction appears in the verification results summary for transactions "not using your most commonly used tax code". Is there a way to tell Sage what my most common tac code is so it…
I have been instructed to change the accounts system from Cash accounting to Accrual accounting. Has anyone done this before and/or have any words of advice? I've read the instructions but would value personal opinions / advice if possible. This is an…
Hello, I currently use Sage Instant Accounts and need to change a nominal code Vat rate as it is currently excluding this transaction from the VAT calculation, is this possible? It’s code 0050.
Join this session to understand which reports to run to reconcile your VAT figures prior to submission.
This session has now taken place but you can catch up with a recording instead: Open the recording >
Slides for this presentation: VAT Reconciliation…
Hi
have had a new computer which is windows 11.
since having the windows 11 computer am unable to run a vat return - when choosing transactions for the vat return the computer either freezes or drops out of sage
can run the vat return on other computers…
In this session you'll learn how to run through the wizard to generate your VAT Return and submit it online. This session has now taken place, but a recording is available: Open recording >
VAT Return Handout.pdf
When processing VAT returns Sage should use the country code of the Company for which you are doing the VAT return for and not use local window regional settings.
Currenlty you have leave Sage and go to your windows setting and change regional settings…
In this session you'll learn how to run through the wizard to generate your VAT Return and submit it online.
Join us for a live session on Thursday February 2 @ 2pm
Open the webinar booking form >
Not available for the live session? A recording…
I can't find a reconciliation report to show the RC Vat collected in the T21 vat code. Is there one? I dislike not being able to 'prove' the VAT return is correct and without a means of generating a report to show what was processed under T21 I can't…
On behalf of a customer, received as KB article feedback:
"Having set the date range to a particular set of values (3 months or custom), it woud be good, convenient, efficient and useful if that date range was also an option when preparing (previewing…
Is it possible to create an invoice for product where part of the price is charged 0% VAT and part of it charged at 1/6th as per the Government margin scheme . Then send customer an invoice showing totals only e.g.
For a product sold at £560
Cost…
Hello, Does anyone know how to account for VAT under the bulk entry BIRDS scheme?
In January I imported a low-value package from an Italian supplier (B2B). I did this on my own Fed Ex account and produced the commercial invoice myself and had the goods…
Build your confidence in running and reconciling your VAT Returns in Sage 50cloud Accounts with this week's free 30 minute Webinars on Tuesday and Wednesday this week:
VAT - A perfect VAT return in Sage 50cloud Accounts
Running reports to reconcile…
Looking at VAT? There's a dedicated area of the Help Centre that cover the subject in depth from schemes, to submitting returns to common queries. The VAT Hub also features some handy video overviews and links to free training at Sage University.
Check…
When you reconcile your VAT Return in your software, all transactions that were included in that VAT Return are flagged as VAT reconciled.
If you later need to check if a transaction has been VAT reconciled, for example, for audit purposes or error…
We know that running your VAT Return probably isn't your favourite task, so we've put together our top hints and tips to make your next VAT Return hassle free.
Read more >
