• Making Tax Digital - is your software compliant?

    Under Making Tax Digital (MTD) for VAT, businesses are required to file their VAT returns electronically using accounting software, and need to keep digital records of their transactions. Businesses with a VATable turnover above the VAT threshold have…
  • Sage MTD Submissions Module Could Not Find Data

    Good afternoon, I have used the submissions module a few times now with no issues for a group submission but I have come to use it again and it is having issues finding data. I have been to settings and made sure that the location of submission files…
  • Voluntary VAT registration and Making Tax Digital

    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…
  • UK MTD Digital Links

    Are you using digital links? Under Making Tax Digital (MTD) for VAT you must keep digital records and any transfer or modification of that data must be done using digital links. Prior to 1 April 2021 HMRC took a soft landing approach to digital links…
  • MTD

    Upgrade a couple of weeks back to Sage 50 Cloud Professional - am I in the correct group to ask a question?
  • Making Tax Digital

    Hi, I have just submitted my 3rd quarter VAT return via the Making Tax Digital software. There was a refund of £750.00 for an invoice on the Credit Card statement so this transaction was input into Sage as a 'VR' transaction. This is a purchase credit…
  • Sage 50 Making Tax Digital: What You Need To Know

    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…
  • VAT box 1 incorrect. Posted JD to adjust but they are appearing in box 4 of the vat return.

    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…
  • Editing receipts for 1st MTD

    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…
  • Making Tax Digital - VAT Submission Issues

    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
  • MTD Sage 50 Accounts Essentials v25.1.128.0

    FormerMember
    FormerMember
    Hi, we purchased Sage 50c Accounts Essentials but we cannot submit VAT return online. After the purchase, the link sent by Sage to download sage software shows we have Sage 50 Accounts Essentials, however, the package confirmed by Sage in email says we…
  • When do I need to actually upgrade to Sage 50 Cloud Accounts for MTD (i currently use sage 50 accounts professional 2012)

    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…
  • MTD Licence Issues

    FormerMember
    FormerMember
    I am trying to validate my licence for the new MTD module however it is coming up saying “There was a problem validating the licence. Please check the log files for details.” I have tried turning all my firewall off but the problem is still there. …
  • MTD Submission

    FormerMember
    FormerMember
    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…
  • Watch our free MTD webinar

    Make sure your business is ready for Making Tax Digital for VAT. Watch our new free webinar which covers: Registering for MTD with HMRC Preparing your software for MTD Your first MTD submission Watch now >
  • Importing CSV files in to Sage as Journal's Credits/Debits?

    FormerMember
    FormerMember
    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…
  • MTD variable Flat Rate

    FormerMember
    FormerMember
    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
  • How do we make sage 50 accounts V25 MTD compliant, without switching to Sage 50C?

    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?
  • Making Tax Digital checklist

    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 >
  • MAKING TAX DIGITAL SAGE EURO BASE CURRENCY

    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…
  • Enabling MTD

    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.
  • Bespoke training for Making Tax Digital

    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…
  • Annual VAT returns and MTD

    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…