Golf clubs and VAT

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:We are a golf club in Yorkshire for which only partial VAT recovery is allowed. We have recently migrated from Sage 50 Desktop to Business Cloud and wish to replicate the VAT codes (T1 etc) in the new system. Does anyone in similar circumstances have experience of this? Thanks for any guidance

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    SUGGESTED

    Hi Richard,

    Thanks for using Community Hub.

    There isn't any specific functionality in Sage Accounting for processing Partial Exemption for VAT, but it should still be possible to process by using journals or adjusting the VAT Return. If further support for that is required we'd normally refer you to your accountant.

    There's some more information about VAT Rates in Sage Accounting here: VAT rates >

    I'll leave this post open in case anyone in the community has direct experience of applying Partial Exemption in Sage Accounting.

    Regards,

    Andy
    Sage UKI

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  • 0
    SUGGESTED

    Hi Richard,

    Thanks for using Community Hub.

    There isn't any specific functionality in Sage Accounting for processing Partial Exemption for VAT, but it should still be possible to process by using journals or adjusting the VAT Return. If further support for that is required we'd normally refer you to your accountant.

    There's some more information about VAT Rates in Sage Accounting here: VAT rates >

    I'll leave this post open in case anyone in the community has direct experience of applying Partial Exemption in Sage Accounting.

    Regards,

    Andy
    Sage UKI

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