Sage 50 Accounts

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…

Hi there, I have updated my Sage to version 27.1 but noticed the tax codes weren't configured so used the below link to configure and ensure all was entered as should be: https://gb-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid…

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…

We have received an advance payment in this VAT quarter which i have posted in bank accounts as a customer receipt. As this is an advance on future work that I'm yet to invoice for, I don't want any VAT to be calculated on the payment for this quarter…

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…

I would really appreciate help regarding posting Deferred Duty payments. We have a Deferred Duty account and am not 100% sure how to record these bank payments, such as tax code and nominal code, so that they appear on the Vat Return.

I have a nominal account for my wages, I can't find anywhere to set the tax code to T9 so when I am entering a bank payment at the moment I have to manually change it from T1 for every transaction. How can I change it to T9, I can't find that anywhere…

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…