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  • Notification of Vehicle Arrival (NOVA) Vat Liability

    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…

  • VAT Return - Most Commonly Used Tax Code Issue

    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…

  • Changing from Cash to Accrual Accounting

    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…

  • Construction Industry Ireland VAT Reverse Charge Question

    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…

  • Journal entries are missing in my VAT statement

    I have journal entries with some VAT implications, Which is not appearing in my VAT report. I hope it is error in the formula which is return in the report to calculate the sales and purchase tax? Thanks in advance for the help. Below attached is…

  • Last VAT Submission Date in the About page - strangeness.

    Been looking at the About page today and noticed that the Last VAT Submission Date is showing as 2017/10/0031 - note the extra 2 digits on the day ! Even though I defintely submitted one last week (under v28 before the upgrade) and all the submissions…

  • Is it possible to setup invoicing for government margin scheme https://www.gov.uk/vat-margin-schemes?

    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…

  • Postponed VAT Statements

    Does anyone have a report to help reconcile the Monthly postponed import VAT statement? There appears to be one for Ireland but not GB. We are using Excel but is there a quicker way? We found the instructions on making the actual adjustments but a…

  • Changing VAT on a previously VAT reconciled invoice - how to?

    I have just discovered that VAT was missed off a bunch of import invoices, which have already been included in previous VAT returns. My question is, now I have copies of the invoices showing correct VAT breakdowns (which are within the 4 year amendment…

  • VAT Return - Sage50 - Sales invoice VAT missing

    I have just started using Sage50. I am doing a VAT return and entered the purchase invoices using a batch invoice entry and all went well. I then tried to do the same with the sales invoices for the corresponding period, and while they all appeared on…

  • VAT Cash to VAT Standard

    Is it possible to change from Cash Accounting to Standard now for 1/1/18 even though I have input transactions on Sage up to today?

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