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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…

HI, In the past with Pastel Xpress 14, payments from our customer pulled though to the VAT report: (even though it is zero VAT) But now, since I've moved over to Pastel Business Cloud Accounting, the same transactions (new transactions, same…

Is it possible to create an invoice for product where part of the price is charged 0% VAT and part of it charged at 1/6th as per the Government margin scheme . Then send customer an invoice showing totals only e.g. For a product sold at £560 Cost…

Hello, Does anyone know how to account for VAT under the bulk entry BIRDS scheme? In January I imported a low-value package from an Italian supplier (B2B). I did this on my own Fed Ex account and produced the commercial invoice myself and had the goods…

Build your confidence in running and reconciling your VAT Returns in Sage 50cloud Accounts with this week's free 30 minute Webinars on Tuesday and Wednesday this week: VAT - A perfect VAT return in Sage 50cloud Accounts Running reports to reconcile…

Looking at VAT? There's a dedicated area of the Help Centre that cover the subject in depth from schemes, to submitting returns to common queries. The VAT Hub also features some handy video overviews and links to free training at Sage University. Check…

When you reconcile your VAT Return in your software, all transactions that were included in that VAT Return are flagged as VAT reconciled. If you later need to check if a transaction has been VAT reconciled, for example, for audit purposes or error…

We know that running your VAT Return probably isn't your favourite task, so we've put together our top hints and tips to make your next VAT Return hassle free. Read more >

...don't worry, our quick guide will help tyou to put this right: Read more >

We've collated some top tips and best practice for calculating an accurate VAT Return. Check out the guide now >

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…

We have downloaded our first Postponed VAT statement from HMRC. What postings need to be made to include the amount in our next VAT return

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…

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…