• Notification of Vehicle Arrival (NOVA) Vat Liability

    I have recently imported a vehicle to NI from EU, submitted the NOVA and have received word of a VAT liability. What is my best way to account for this? Just add as an adjustment to Box 2 and Box 4 of the next VAT return, or are there journals I should…
  • VAT return not matching GL codes

    Hi. I am trying to reconcile my VAT however have a difference between the total of NC 2200,2201 & 2202 and my VAT return outstanding at the time of TB being run. I have checked payment postings and all is correct (I thought a mis posting threw it out…
  • Northern Island VAT issue

    Good afternoon, I wonder if you can help me. We have a customer in Northern Ireland who we deliver goods to. When I ran VAT return, the VAT element of those invoices is not on VAT return (it is thought included in TB-2200), therefor I always have a…
  • Purchase invoices - VAT

    Hello I am trying to record a purchase invoice but there seems to be no option to add VAT to a product? Apologies as I am aware this is beginners question! I am presuming it's something to do with the company setup as I selected the company is not…
  • VAT Return - Most Commonly Used Tax Code Issue

    I have completed 10 VAT returns and every time I do, every single transaction appears in the verification results summary for transactions "not using your most commonly used tax code". Is there a way to tell Sage what my most common tac code is so it…
  • VAT Return

    I'm trying to do my May/June VAT Return. This is my first time doing it on Sage 50. When I ran it this morning I was shocked to see how much it was as it had jumped by at least €15,000 since last week & I hadn't input any sales invoices over the weekend…
  • EU Supplier Invoices (Southern Ireland) 1) How to process VAT (23% and 13.5%) 2) How to inputt invoices in Euro

    For the first time we have completed a project in Dublin. We have used suppliers in Dublin. We have supplier invoices in Euros and £ and different VAT rates ( 23% & 13.5%) Our supplier of materials who is based in Dublin has a invoiced us in pounds…
  • reclaiming VAT paid to Parcelforce on EU import

    Hello, I have just received some products from a supplier in the Netherlands. It was sent to me by Parcelforce. Normally I use DHL and PVA so there is no VAT. With Parcelforce, I have just paid the VAT to them with a small amount of duty. Does anyone…
  • Nominal codes Vat rate

    Hello, I currently use Sage Instant Accounts and need to change a nominal code Vat rate as it is currently excluding this transaction from the VAT calculation, is this possible? It’s code 0050.
  • Construction Industry Ireland VAT Reverse Charge Question

    Hi New to the group. New to Sage. The old rules for VAT were the 2/3rd rules if Sales Invoice was 2/3 materials 23% VAT applied if more labour than materials 13.5% VAT applied. Can't get through to Revenue, nor getting an answer through my enquires…
  • VAT for TOMS Scheme

    Hi all, I am trying to understand how to record invoices in Sage to allow me to account for it using TOMS. I've seen previous people asking this being redirected to Ask Sage Article 11314 but I cant see where to find this? Is this still live? Can…
  • Is it possible to setup invoicing for government margin scheme https://www.gov.uk/vat-margin-schemes?

    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…
  • Detailed VAT Reports

    Detailed VAT report not functioning. Sage and AutoEntry (owned by sage). AutoEntry allow the use non Alpha numeric characters if your suppliers invoices use them. This then breaks the VAT Detailed report once reconciled. HMRC were not impressed but…
  • 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…
  • VAT posted on journal, not appearing on VAT return

    I post expenses via a journal using tax code T1 for the VAT element, the VAT return does not pick this up. What is the correct procedure?
  • VAT Return - Sage50 - Sales invoice VAT missing

    I have just started using Sage50. I am doing a VAT return and entered the purchase invoices using a batch invoice entry and all went well. I then tried to do the same with the sales invoices for the corresponding period, and while they all appeared on…
  • VAT Cash to VAT Standard

    Is it possible to change from Cash Accounting to Standard now for 1/1/18 even though I have input transactions on Sage up to today?