Sage 50 Accounts

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…

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…

Hi, I just downloaded postponed VAT statement from HMRC, but I've already posted trade supplier invoices with T0 before statement received. What adjustments need to be done in this case please? Should I just batch new supplier invoice with T18 , leave…

We have downloaded our first Postponed VAT statement from HMRC. What postings need to be made to include the amount in our next VAT return

Hello, We import goods from the EU & have been using a Freight Agent since January 2021. We operate under "Postponed VAT" and use the VAT code T18. All has been working OK but I have now discovered there are some errors where the Freight Agent has…

I am trying to submit a VAT Return in Sage 50 Accounts for one of my customers (for the December period). However when I get to the "Submit your Period" section the drop down menu for the VAT periods is completely blank (picture below). My customer submits…

Morning Everyone, The Brexit queries are flying in now I know v27.1 is due to be released with some Brexit Update changes. But from 01/01/2021 a lot of Companies will be (or already are) applying for foreign based VAT numbers (i.e UK companies are…

I have been trying to figure out how to post the VAT adjustment for Uber Eats for a while now and have only got as far as knowing that I need to use the Reverse Charge mechanism, but to do this I need Uber Eats VAT number which is a struggle in itself…

Hello there, Have had Sage for over 10 years and until MTD very few problems. 1. would not communicate with HMRC, sorted. 2. All VAT reports prior to MTD have disappeared from view 3. And this is good while sending what was supposed to be the…

I am trying to complete a VAT return. Last month's return was fine. This month, the return is including the vat liability from last month for both sales and purchases. The liability journal entries were automatically created by sage at last month's return…

I started using Sage Accounts 50 at the start of this VAT period. I set my bank and credit card accounts Opening balances to the values they were at at that time using the "Opening Balance" feature. Now when I have come to perform my 1st VAT return since…

When i ran my VAT period a message has flagged up with 4 transactions that are unreconciled and before 1/3/19 Do you want to include these earlier unreconciled transactions? We are cash accounting, basically there are 4 payments that were made In…

I have done a manual VAT adjustment on my VAT return which relates to a VAT only customer credit note that wasn't picked up on a previous VAT return. This adjustment has been coded to the default nominal code for Manual Adjustments code 2204. Can I…

How will MTD work for charities where all vat is not reclaimable? Will we have to post journals to the VAT accounts in Sage to adjust for partial exemption calculations

I have run my last quarters VAT return. When I check the hard copies of the reports they seem correct. But when I export them as a csv and open the reports in excel some of the invoices/ credit notes have been duplicated. So the excel version does not…

Does anyone have foreign suppliers and not the Sage add-on for foreign currency? We have just started using a new supplier in Germany. As this is a one-off supplier, we don't wish to purchase the add-on, but I do need the figures to show on the VAT return…

I would really appreciate help regarding posting Deferred Duty payments. We have a Deferred Duty account and am not 100% sure how to record these bank payments, such as tax code and nominal code, so that they appear on the Vat Return.

In late march, early April we did VAT returns for 3 companies and have the print outs that show what was done. Now when we go back to that company to run the next quarters VAT return the last one is missing. Obviously we can't restore from our backups…

Hi My Sage freezes when I run a VAT return, other users can run it and I can run it on there computers. I've tried removing and reinstalling Sage but it made no difference. We're running V22. Any ideas on what could be causing this and how to…

Tried to submit VAT return online- as I've done for years with no problem. Screen shows a tick and says return submitted, but when I ask for the submission log, it comes up as no data found. How do I a) find out whether or not it has been submitted; and…

Hello, I'm based in the Republic of Ireland. What is the VAT Code for purchase of goods not for re-sale at the Standard Rate within the EU? Is it T18.? Thanks, DANIEL SMITH

We’ve gathered together the questions that you've been asking us. We'll update this discussion regularly and we'll also include any important notices. What tax code should I use? If you're unsure which tax codes affect which area of your VAT Return…