Sage 50 Accounts

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 am aware that I need to upgrade my software and get the Sage 50 cloud accounts as the one i'm using at the moment does not support this. Our company has been told that our first MTD VAT return is due on or after 1st October 2019, this means…

I've just submitted my first VAT return using the new MTD module following the knowledge base article 41955 https://ask.sage.co.uk/scripts/ask.cfg/php.exe/enduser/std_adp.php?p_faqid=41955 . It submitted okay and shows as submitted if I log in to my…

Hello, I have sage 50 accounts, have the latest update, and a box to tick enable making tax digital, however, Sage doesn't let to tick this box. Can you suggest what I should do next?

Hi, is there a problem with VAT submission via Sage 50C? I joined the MDT scheme last quarter and managed to submit VAT directly from Sage on 1 Feb. However this time the Sage gets stuck while trying to communicate with HMRC. Anyone experiencing the same…

I am submitting a VAT return via MTD on Sage 50 Cloud Accounts. I have followed the guide: Making Tax Digital for VAT - Calculate and submit your VAT Return in Sage 50cloud Accounts When I reach the final submission, and select the drop-down menu…

We import CSV files into Sage as Journal's Credits/Debits are these still acceptable with Making Tax Digital? The CSV files are created by a piece of software (Windows Service) that connects to a Web API to access the data then builds the CSV file. The…

Hiya All, I have setup Making Tax Digital on our network. I need to do an update when it first open's it asks about doing an update, it says its found an update to do but when it comes to download it sits on 0% and then times out, Has anyone seen…

I post expenses via a journal using tax code T1 for the VAT element, the VAT return does not pick this up. What is the correct procedure?

I have a client who has a Sage 50 instalation. They don't want tgo switch to the Sage 50C monthly payment model (and their ageing bookkeeper is unlikely to learn a new way of working I'm afraid). How do they make their Sage 50 v25 MTD compliant?

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.

Hi. We have received notification from HMRC to that we can join the MTD pilot scheme. However, we have a few EC transactions (eg monthly Microsoft subscriptions) which are invoiced (in sterling) from EC (Dublin). No VAT is paid. We are running Sage 50cloud…

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…

We have a Sports VAT Exemption, as a Not-For-Profit sporting national body. So our VAT returns are more complex than the basic VAT Return within Sage. How will this work with Sage 50cloud Accounts and MTD?

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

Please could you confirm that the non-cloud version of Sage 50 Accounts Plus (v24.2) will be compliant with the upcoming MTD changes.