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  • Brush up on VAT Returns

    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…
  • Managing VAT

    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 if a transaction is VAT reconciled

    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 corrections…

  • Check if a transaction is VAT reconciled

    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 corrections…

  • Check if a transaction is VAT reconciled

    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 corrections…

  • Check if a transaction is VAT reconciled

    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 corrections…

  • VAT Return hints and tips

    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 >

  • Forgotten to reconcile your VAT Return?...

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

    Read more >

  • VAT Return Hints and Tips

    We've collated some top tips and best practice for calculating an accurate VAT Return.

    Check out the guide now >

  • VAT Queries - Help at hand

    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 >

  • UK VAT Return VAT Label changes

    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 > 

  • Tip - Ensure your VAT Return is accurate

    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.…

  • VAT Return Label Changes

    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…

  • Posting Postponed VAT statement

    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

  • Postponed VAT (T18) & C79

    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…

  • Changing VAT on a previously VAT reconciled invoice - how to?

    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 window…

  • 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 May…

  • Sage University - UK VAT Return - A free 1 hour short course

    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 >


  • Post Brexit Trading & VAT Returns

    Morning Everyone,

    The Brexit queries are flying in now Slight smile

    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 applying…

  • Uber Eats VAT adjustment

    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…

  • 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 Return - earlier unreconciled transactions

    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 Feb…

  • Adding attachments to your VAT Return

    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…

  • VAT Adjustment nominal coding

    I have done a manual VAT adjustment on my VAT return which relates to a VAT only customer credit note that wasn't picked up on a previous VAT return.

    This adjustment has been coded to the default nominal code for Manual Adjustments code 2204. Can…