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FormerMember

EU supplier payments

SUGGESTED
Posted By FormerMember

I need to add a VAT registered EU supplier payment for goods to my 'Money Out' (I am UK VAT registered). Is there a way of doing this without having to upgrade from Accounting Start to Accounting. I did see in the Help files under 'How The VAT Return Calculates' the following info for BOX 2 - "VAT due this period on EU acquisitions. This is the notional VAT at 20% due on purchases from EU suppliers. You can manually enter this if you need to". So, I can manually enter the VAT due but how do I add my payment for goods in MONEY OUT?

I really don't want to have to spend another £12 a month just to be able to do this!

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    SUGGESTED

    Hi Terry,

    Thanks for using Sage City.

    Unfortunately on Start you are unable to record payments against non-UK suppliers as an invoice is required and Start is unable to produce purchase invoices. I would usually recommend upgrading to Accounting in this scenario as it is a lot easier to process with the functionality for purchase invoices.  

    If you wanted to remain on Start the only way of possibly recording on the VAT return is through manual adjustments. Even if you are on a cash accounting scheme EU invoices are still included on the VAT return based on the date of the invoice and not the date of the payment. If you wanted the bank balance to be correct the only way to do this would be recording a payment out with no contact or posting a journal which affects the bank balance. You can then adjust the VAT return as required for the transaction. 

    Hope this helps. If this has answered your question please click More > Verify Answer.

    Kind Regards,

    Jack Middleton
    Sage Business Cloud Customer Services
    Sage UKI

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  • 0
    SUGGESTED

    Hi Terry,

    Thanks for using Sage City.

    Unfortunately on Start you are unable to record payments against non-UK suppliers as an invoice is required and Start is unable to produce purchase invoices. I would usually recommend upgrading to Accounting in this scenario as it is a lot easier to process with the functionality for purchase invoices.  

    If you wanted to remain on Start the only way of possibly recording on the VAT return is through manual adjustments. Even if you are on a cash accounting scheme EU invoices are still included on the VAT return based on the date of the invoice and not the date of the payment. If you wanted the bank balance to be correct the only way to do this would be recording a payment out with no contact or posting a journal which affects the bank balance. You can then adjust the VAT return as required for the transaction. 

    Hope this helps. If this has answered your question please click More > Verify Answer.

    Kind Regards,

    Jack Middleton
    Sage Business Cloud Customer Services
    Sage UKI

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