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
New to the group. New to Sage. The old rules for VAT were the 2/3rd rules if Sales Invoice was 2/3 materials 23% VAT applied if more labour than materials 13.5% VAT applied.
Can't get through to Revenue, nor getting an answer through my enquires…
Please does anyone have a clue with how I enter Etsy transactions onto Sage?! It's a nightmare as the payments received have VAT already excluded (or the other way around) and then theres the fees which are either with or without VAT.
I just want a…
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
Sage 50cloud Accounts Professional V27.2
Setup as a Republic of Ireland Limited Liability company with Irish VAT Rates.
Now selling Business to UK Consumer (excluding NI)
We now need to register for UK vat through our Irish Company as we do not…
In this session you'll learn about Brexit related tax codes, their use and how they impact your VAT Return. This session has now taken place, but you can catch up with a recording: Open the Webinar recordings article
Slides from this session:
Brexit…
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…
Do you struggle with tax codes? Do you understand the differences between T0, T2 and T9? Attend this session and we'll bring you up to speed.
Join us for a live demonstration and the chance to ask a Sage expert your questions, on Wednesday October…
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 demonstration and the chance to ask a Sage expert your questions. Note - This live event has now taken place, but you can…
When using Bank Feed and Creating a Bank Payment, Sage automatically chooses my Sales Tax T code for Bank Payments when most of my Bank Payments are T9, so I need to manually change the total amount again once I've changed the T code to T9 as it remembers…
My UK Company buys goods in Italy and imports these for sale in both UK and Republic of Ireland. Following Brexit we have found it necessary to VAT register in Ireland in order that we can conduct Intra EU supplies, as we can no longer rely on the 'triangulation…
Hi all,
I am trying to understand how to record invoices in Sage to allow me to account for it using TOMS.
I've seen previous people asking this being redirected to Ask Sage Article 11314 but I cant see where to find this? Is this still live? Can…
Help required - VAT return needs to be in asap and I have spent an inordinate amount of time trying to work this out, but failing at the last hurdle!
Re: 'How do I post import VAT and duty on goods purchased from a country outside the UK?' article.…
When submitting your VAT Return for MTD, this error code can appear.
Typically this happens if the relevant tax period has not yet ended, if you've selected the incorrect period to submit or if you try to submit your VAT Return too early. You can resolve…
On each sales order:
The customers EORI and VAT number should show under the address on the sales order GUI. (Pulled through from the account records) This will highlight to staff taking the order that this information is missing and must be obtained…
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…
Hi all
My system shows the following 3 nominal codes for VAT:
2200 Sales Tax Control Account
2201 Purchase Tax Control Account
2202 VAT Liability
Surely, VAT liabiity = Sales Tax - Purchase Tax, so why have a seperate code for VAT Liability…
HMRC have advised that due to scheduled maintenance the MTD VAT online services won't be available between 4pm Friday 14 January 2022 and 9am Monday 17 January 2022. This means you won't be able to submit returns online during this time.
Find out more…
If your company is registered for VAT, you can reclaim the VAT on fuel provided by your company for private and business mileage with company cars.
In return, HMRC requires a charge to be paid. You should calculate the charge for each vehicle from the…
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…
I have been told by HMRC that the entries for VAT on imports from the EU should only be entered when a Postponed VAT Statement is issued.
At the moment Sage does this 'magically' but it is not necessary correct for timing.
Please would you remove…
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…
