When do I need to actually upgrade to Sage 50 Cloud Accounts for MTD (i currently use sage 50 accounts professional 2012)

Question

Hi, 
 I am aware that I need to upgrade my software and get the Sage 50 cloud accounts as the one i'm using at the moment does not support this. 
 Our company has been told that our first MTD VAT return is due on or after 1st October 2019, this means it wont be until the end of February 2020 i need to make the first VAT return using the new software for the return quarter Nov 2019 to Jan 2020. 
 My question is, when do i actually need to get the new software? Sage are pushing me to upgrade now but I am not wanting to pay for something i don't need for another 6 months or so. 
 Can I just keep using Sage 50 accounts up until say January 2020 and then upgrade, all the data will be transferred to the new software and I will be able to submit my return through the cloud accounts software at the end of February onwards?

Ian C · Accepted Answer

Hi Graeme, 
 Thanks for using Sage City. 
 You can sign up for Sage 50cloud at anytime, however if you want to do it just before your MTD VAT Return that also won't be a problem. 
 Before you switch on the MTD feature, you should: 
 Submit your last non-MTD VAT Return, and Sign up for MTD with HMRC. 
 Our MTD checklist can be found here 
 If this has answered your question please click More > Verify Answer. 
 Regards, 
 Ian 
 Sage UKI

T Jade · Answer

Hi Graeme, 
 I saw your query, and just wanted to let you know about AmbitionMTD, which has had great feedback. Means you do not need to upgrade the Sage software so can continue to use your current version and can use the AmbitionMTD software to do the VAT submission to HMRC. Check out the AmbitionMTD website here - http://ambitionmtd.co.uk/ 
 
 Hope this helps :)

Sage 50 Accounts

When do I need to actually upgrade to Sage 50 Cloud Accounts for MTD (i currently use sage 50 accounts professional 2012)

Top Replies

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING