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  • Code for reverse charge invoices from the EU that also appears in Box E2

    Hi everyone, We get supplier invoices from within the EU. We are supposed to put these on Sage using a Reverse charge VAT code. As they are coming from the EU they are also supposed to appear in the value of the invoices in box E2 in the VAT Return…

  • VAT return not matching GL codes

    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…

  • 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…

  • Nominal codes Vat rate

    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.

  • 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…

  • Allow the Special product tax codes to be overwritten by the Customer override

    When raising an invoice or order using S1 as a product code, the default tax code of T1 should be overridden by the customer tax code, if the Tax override is ticked for that customer. The customer should be set up this way, if they are exempt from VAT…

  • Special codes VAT Override

    This has just come to my attention after 30 years of Sage use (admittedly intermittent) When the client has the override tax code turned on, it does not affect the tax code of Special Stock Codes S1, S2, S3. This is nonsensical and results in errors…

  • Report to show VAT in T21 code?

    I can't find a reconciliation report to show the RC Vat collected in the T21 vat code. Is there one? I dislike not being able to 'prove' the VAT return is correct and without a means of generating a report to show what was processed under T21 I can't…

  • VAT for TOMS Scheme

    Hi all, I am trying to understand how to record invoices in Sage to allow me to account for it using TOMS. I've seen previous people asking this being redirected to Ask Sage Article 11314 but I cant see where to find this? Is this still live? Can…

  • ADD ADDITIONAL VAT CODES

    With the introduction of IOSS on 1 July 2021, to future proof, a VAT code is required for each EU Country, and each VAT Code within each EU Country, which means at least 85 VAT codes on Sage for IOSS reporting alone. There are currently 99 options for…

  • Change VAT code for entire invoice?

    Is there a way to change the VAT code for an entire invoice rather than going into each product line item individually? We work for a lot of builders on multiple projects with different VAT charge requirements so cannot easily default change the customer…

  • VAT on Journals

    I have created the following journal (simplified here): Dr Cash Account-€123 T9 Cr Sales NC 4000-€100 T1 Cr Sales vat control NC 2200-€23 T9 When I run the VAT return the VAT on T1 is not showing but it is showing value of sales excluding VAT…

  • Post Brexit Tax Codes

    For postponed VAT accounting the Sage advise is for postponed VAT accounting you use tax code T18. I have a purchase order to raise on German supplier. Using tax code T18 shows VAT amount on the order. My German supplier invoices me net and i pay him…

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