Welcome to the Sage 50 Accounts UKI Support Group on Community Hub! Available 24/7, the forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
Before important tasks such as your VAT Return or Year end, you can use the Accounts audit options to quickly check for possible errors. Options include:
Check for duplicate transactions >
Check for invoices not sent or updated >
Check tax codes…
UK VAT registered businesses who had a VAT payment due between 20 March 2020 and 30 June 2020 were allowed to defer the payment until a later date, without paying any interest or penalties. If you meet the criteria specified by HMRC , which includes being…
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…
For UK VAT Returns submitted from 8 April 2021, HMRC are 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…
Hi, I just downloaded postponed VAT statement from HMRC, but I've already posted trade supplier invoices with T0 before statement received. What adjustments need to be done in this case please? Should I just batch new supplier invoice with T18 , leave…
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…
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…
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…
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…
When processing a VAT return, Sage takes a long time verifying the VAT return.
Sometimes I only want to look at the rough VAT figures and not go through the verification process or sometimes I realise that I need to do something else before running…
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…
I am trying to submit a VAT Return in Sage 50 Accounts for one of my customers (for the December period). However when I get to the "Submit your Period" section the drop down menu for the VAT periods is completely blank (picture below). My customer submits…
Become a Sage 50cloud Accounts VAT Return expert in just an hour with this free, short course. Learn how to:
Configure your VAT Settings
Prepare to complete your VAT Return
Produce your VAT Return
Find out more >
Morning Everyone, The Brexit queries are flying in now
I know v27.1 is due to be released with some Brexit Update changes.
But from 01/01/2021 a lot of Companies will be (or already are) applying for foreign based VAT numbers (i.e UK companies are…
I have been trying to figure out how to post the VAT adjustment for Uber Eats for a while now and have only got as far as knowing that I need to use the Reverse Charge mechanism, but to do this I need Uber Eats VAT number which is a struggle in itself…
Hello there,
Have had Sage for over 10 years and until MTD very few problems.
1. would not communicate with HMRC, sorted.
2. All VAT reports prior to MTD have disappeared from view
3. And this is good while sending what was supposed to be the…
I am trying to complete a VAT return. Last month's return was fine. This month, the return is including the vat liability from last month for both sales and purchases. The liability journal entries were automatically created by sage at last month's return…
I started using Sage Accounts 50 at the start of this VAT period. I set my bank and credit card accounts Opening balances to the values they were at at that time using the "Opening Balance" feature. Now when I have come to perform my 1st VAT return since…
When i ran my VAT period a message has flagged up with 4 transactions that are unreconciled and before 1/3/19
Do you want to include these earlier unreconciled transactions?
We are cash accounting, basically there are 4 payments that were made In…
In Sage 50cloud Accounts v25.1 a new feature was introduced to help you with VAT audits and Making Tax Digital (MTD). If you need to make an adjustment to the figures on your VAT Return, you can now add supporting documentation to explain the adjustment…
