Sage 50 Accounts

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…

Hi. I am trying to reconcile my VAT however have a difference between the total of NC 2200,2201 & 2202 and my VAT return outstanding at the time of TB being run. I have checked payment postings and all is correct (I thought a mis posting threw it out…

Good afternoon, I wonder if you can help me. We have a customer in Northern Ireland who we deliver goods to. When I ran VAT return, the VAT element of those invoices is not on VAT return (it is thought included in TB-2200), therefor I always have a…

Learn how to run through the wizard to generate your VAT Return and submit it online. This session has now taken place, but you can catch up with an earlier recording:

Learn how to manually reconcile your VAT Return in Sage 50 Accounts. This session has taken place, but a recording is available:

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…

Learn how to work through the wizard to reconcile and submit your VAT Return online. Join us for a live session on Monday 24 July @2pm Book now >

Hello, I currently use Sage Instant Accounts and need to change a nominal code Vat rate as it is currently excluding this transaction from the VAT calculation, is this possible? It’s code 0050.

Join this session to understand which reports to run to reconcile your VAT figures prior to submission. This session has now taken place but you can catch up with a recording instead: Open the recording > Slides for this presentation: VAT Reconciliation…

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

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…

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…

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…

We know that running your VAT Return probably isn't your favourite task, so we've put together our top hints and tips to make your next VAT Return hassle free. Read more >

...don't worry, our quick guide will help tyou to put this right: Read more >

We've collated some top tips and best practice for calculating an accurate VAT Return. Check out the guide now >

If you're VAT registered, you can use Sage 50cloud Accounts to submit your VAT Returns to HMRC. We've pulled togther our support resources for VAT in one support Topic on the help centre to assist you with this topic. Take a look now >

From 8 April 2021, HMRC changed the names of some of the boxes on the UK VAT Return to reflect that the UK is no longer part of the EU and to recognise the Northern Ireland Protocol changes. Read more >

Before you run your VAT Return, it's useful to check for non-standard tax codes on your sales and purchases. This can highlight transactions where an incorrect tax code may have been used. It's quick and easy to do in the Accounts audit option. Read…

From 8 April 2021, HMRC is changing the names of some of the boxes on the UK VAT Return to reflect that the UK is no longer part of the EU and to recognise the Northern Ireland Protocol changes. Don't worry, there's no action for you to take and this…

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 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…