Sage 50 Accounts

From April 2022, Making Tax Digital (MTD) is being extended to all VAT registered businesses, including those who are voluntarily VAT registered with a VATable turnover below the VAT threshold. If this affects you, you can read more and find out how…

Making Tax Digital (MTD) has graced our presence for the best part of a year, coming into fruition for most businesses since April 2019. By now the world and his dog should be aware of MTD! However, for those of you who are still wondering what it's all…

Hi, I have posted some VAT journals to adjust for sales VAT which was originally incorrectly posted. We post our revenue as journals. The journal debits that i posted to adjust are appearing in BOX 4 which means the Box 1 is incorrect as well as box…

We are about to make our 1st MTD VAT submission and i have been transferring months worth of hand written ledgers on to sage. Edited a few bank receipts today using the steps from the transactions menu and ran a tax analysis report which seems to show…

To help your Making Tax Digital submission run smoothly, we've compiled a short list of articles that address the issues Sage customers have reported. https://ask.sage.co.uk/scripts/ask.cfg/php.exe/enduser/std_adp.php?p_faqid=45137

Hi, I have just tried to submit my first MTD submission but when i press next at the submission part of the wizzard it gives me a pop up but its just a blank screen and i cannot go any further. i have looked online and it looks like i should have…

Depending on whether our purchases are more than 2% of quarterly turnover, our Flat Rate is sometimes 12% and sometimes 16.5%. Is there any way of dealing with this other than to change the VAT settings each time? Thanks

Most businesses are now eligible to join HMRC's Making Tax Digital (MTD) open pilot. If you use Sage 50 Accounts and you haven't signed up for MTD yet, our MTD checklist can help you make the switch. View Sage 50cloud Accounts MTD checklist >

Hello everybody, I was hoping to get some clarity on SAGE's MTD functionality. I am on subscription software so am told its MTD compliant, however I run SAGE on EUR base currency. I have asked SAGE in the past about this and was told that the current…

When will we be able to enable MTD on Sage? I was hoping to submit 2018 Q4 via MTD as a practice run before it becomes mandatory, but it seems you have to join a 'closed pilot' in order to do this.

The impact of Making Tax Digital (MTD) will vary from businesses to business. If you have Sage 50cloud Accounts already and you normally submit your VAT Returns direct from your software, then very little will change. Alternatively, if you currently submit…

I have the problem noted in article 28765, ' VAT Return Too Old: Invalid Period – You cannot submit a return over 12 months old' when trying to submit our VAT return as we use the annual accounting scheme. For the past few years this has been no real…