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  • vehicle purchase Vat allocation

    I Have Recently bought a new commercial vehicle. I paid the VAT as a deposit. How do I put in the purchase invoice to claim the vat payment in 1 quarter. also how do I allocate the payment to show the vat side of it has been paid? regarding payments…

  • EU customer, goods supplied from UK to UK as goods are for vehicle in UK

    Hi, new here so apologies if this is wrong place to ask. We have a customer who resides in Netherlands. His vehicle is being stored with us in the UK. All parts (goods) and labour (services) are delivered/ carried out in the UK. In Sage Business Cloud…

  • how to view vat balance

    hi all.. New to VAT and HMRC BTA and having made a duplicate payment manually to HMRC I rang them to ask about my current balance. They informed me that the running balance should be available in sage. I can't see it anywhere. All I can see is the…

  • Is RTD reporting working?

    Hello, I ran an RTD report and it looks like all zero rated services sales I made to the USA and Canada are showing in D1 (Home 0%). Is that normal? I was expecting to see services sales to all outside the state in D4. Best regards.

  • Faulty VAT return creation

    Hello. Newb here, relatively. I entered all my VAT period purchases. I then found a couple of extra VAT purchase invoices and added them. The extra VAT claimed does not appear in the VAT calculation. Manually added, my VAT reclaim comes to £512.52,…

  • VAT payable not set to zero after payment

    Hello, When I file a return the values are rounded up or down so there is no floating numbers, only integers. Ex: £1.20 becomes £1 and 2.75 becomes £3. Sage Accounting does the same so when I run my VAT reports in the software I get the exact same…

  • Managing your VAT

    If you're VAT registered, you'll need to manage VAT transactions and complete / submit your VAT Return. The Help Centre has a series of knowledgebase guides and videos to help keep you on track. Topics include: Registration and schemes The VAT Return…

  • DDP invoice and VAT

    Hi, I have received an invoice from a company based in Germany on Incoterm DDP (delivery duty paid). The invoice shows the 20% VAT element on the items and VAT has been included in the money paid. My problem comes in entering this invoice. The supplier…

  • Cashflow Forecast Errors

    Has anyone noticed within Sage Business Cloud Accounting on the summary page it does not remove the VAT liability. Normally this removes from the cashflow when it is paid. Today I have noticed that it is deducting on cashflow out, then it appears again…

  • VAT help at your finger tips

    The VAT pages of the Sage Accounting Help Centre cover all things VAT from managing transactions to Making Tax Digital and submitting VAT Returns. Even if you're not working with VAT at present, it's worth bookmarking ready for when you need it. VAT Help…

  • Changing VAT scheme to non registered

    My company is non VAT registered so I'd like all transactions (purchases or sales) to default to No VAT on posting (default is 20%). Under Financial Settings there is a VAT section and default scheme is Standard. When I try to change this to Not Registered…

  • Adjusting calculated VAT on transactions

    Hi all, So I've just started working with Sage Accounting Start after getting frustrated with a lack of action by my 'accountant'. I've reconciled all my bank transactions, no problem, however I need to adjust the VAT I have been paying and receiving…

  • Posting import VAT & duty on sage one

    Hi, I've recently imported some goods from the US. I have the C79 certificate for import VAT and duty, but I do not know how to post this on Sage One? I can only find support for Sage 50. Can anyone help? Thanks!

  • VAT rounding in Other Payment

    I'm struggling to accurately enter an expense in 'Other payments'. My receipt has inc and exc VAT amounts shown, so I've entered those and all is correct - until I get to the total paid, which is a penny out. Obviously Sage is not recording rounding…

  • How to change a transaction date

    Good afternoon, I have been setting up a client in Sage Business Cloud Accounting by importing their bank statements from the day they started trading. Their first VAT return was filled through another system. I created an income transaction from a…

  • County court claim

    Hi, We received a county court claim which we have now paid, I just need some help on how to post this onto to sage and wether VAT is applicable or not? The original supplier account still has outstanding invoices but the claims payment was made to…

  • VAT Invoice from N.I Supplier

    Hello. My business is located in RoI (set up in 2016) and we have a new supplier located in N.I. We only buy goods from this supplier, no services. Normally we receive invoices with goods rated 0%, 13.5% and 23%. However, this supplier has everything…

  • VAT Flat Rate Scheme - reclaim VAT on large asset purchasses

    Hi We are now registered for VAT wef 1 January 2021 on a flat rate scheme. In 2020 (previous financial year), we purchased 2 vehicles, and my understanding is that we can reclaim the VAT back of the vehicles at 20% with our first VAT return - due by…

  • Reissuing Vat Invoices

    Hello, My brother in law started a cafe at a golf club. He was not registered for VAT and had me issue 8 invoices over the last few months to the golf club (they charge customers for the meals and he invoices them). They are insisting that he registers…

  • Running a quarterly VAT return after migrating sage systems mid-period.

    We recently migrated from Sage 50 to Sage Cloud Accounting, which happened to be mid VAT period. When it comes to submitting our next VAT return, how do we go about accounting for transactions which occurred on the old system? If we run the return on…

  • VAT rate change

    The UK VAT rate on hospitality, holiday accommodation and attractions is reducing from 20% to 5%, from 15 July 2020 to 12 January 2021. The cut applies to food and non-alcoholic drinks as well as accommodation and admission to attractions across the…

  • VAT on purchase invoices

    Hi all, We are not VAT registered. We are purchasing a service from someone who IS. So they will charge us VAT. However there's no option to include this on the purchase invoice except to roll it into the price of the line item. The VAT Scheme documentation…

  • Customisation of vat codes

    Not sure if this is the right place, really wanted to submit an idea! Please can you amend the vat code structure within Business cloud accounting so we can use different vat codes other than the normal. I need a vat code to use a vat code of 9.6…

  • What to do with VAT payment showing as bank transaction

    I submitted by previous VAT return and recently paid it via the HMRC website. Naturally, this payment shows as a transaction in my bank feed. The easy thing would be to assign it to the code for VAT, but I can’t. What am I supposed to do with this transaction…

  • Newly VAT registered..... HELP!

    I have been using Sage for the past 5 years for our business but literally only using the invoicing and recording payments features. I have never linked our bank up or anything and now we have gone VAT registered from May 1st. I believe I need to set…

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