Sage 50 Accounts

If you're VAT registered, it's important to apply the correct tax rates, in Sage Accounts, the rates are applied based on the tax codes you choose for any transaction. The following overview article outlines some common goods and services an the tax rates…

Hi, We currently use an excel template to upload our sales invoices. However, a single invoice will often contain a mix of zero rated and standard rated VAT, which means we are uploading these as 2 lines, so that the net sales figure is appearing…

Hi there, please can you advise what SAGE VAT code you use for business entertaing expenses, for example, a client dinner. This is a vatable expense, although for HMRC purposes the input VAT element is irrecoverable. My question is do you post the gross…

Hi, I've just paid to attend the conference for my professional body. I have been told it comes under TOMS (Tour Operators Marginal Scheme) because it's an all-inclusive price that covers both the conference and all accommodation/refreshments. How do…

I am the intermediate supplier in a triangulated transaction. All parties satisfy the demands for the simplified procedure. I report our sale on the ECSL and do not report any of the figures on the VAT return as per VAT notice 725 section 13.7 step 6…

Our entity does not make 100% taxable supplies, which means that we are only able to claim a proportion of the UK input VAT paid as well as reverse charge input VAT on foreign goods purchased. Is there any way to set these tax codes up in Sage 50 Cloud…