Your accountant can still submit VAT Returns on your behalf, but you need to use software for your VAT accounting. In addition to the above, you must keep your VAT accounting records for at least six years (or longer for some VAT schemes). 2. When will the scope of MTD for VAT expand?
Fixed : You can now always view your VAT Return when it includes transactions dated before the VAT Return period. 30 SEPTEMBER Improvements Fixed : Tax amounts are now updated correctly when you save an edited Other Payment, Other Purchase or Other Receipt. Fixed : You can now change main...
Got most of my VAT return done but when I tried to enter anything cash related, invoices or takings, it just went into a death loop, where it thought I was trying to close the site without saving. Better.than Xero but needs a lot of work. Date of experience: 06 January 2025 Useful...
TAX_RETURN The tax return transaction type is posted on completing a vat return via the web app UI. The transaction clears down the VAT on sales and purchases and posts the net value to the VAT liability nominal. There is no alternative endpoint and this transaction would need to be filtere...
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 ad... ...
Preparing a VAT return is easy, there are some good reconciliation, and error checks which Sage 50cloud Accounting prompts you to consider before submission.Construction Industry Scheme is very easy to administer and make monthly returns in a timely manner. Read full review Using Sage50 Cloud in...
To start this process: Go to Reports (Take me there). Choose the Tax Return option. Select View under Looking to see VAT/GST Transactions for your own date range? Select the data range. This is the start of the quarter until the current date (i.e., the conversion date). Select Displ...
VATSupportReferencesInstallationOmnipay is installed via Composer. To install, simply add it to your composer.json file:{ "require": { "omnipay/sagepay": "~3.0" } }And run composer to update your dependencies:$ curl -s http://getcomposer.org/installer | php $ php composer.phar update ...
Customers who use Advanced Tax, Multi-tax with VAT, or custom VAT can now assign tax schedules to individual document entry lines in both Purchase Order documents and Order Entry documents.The new option to “Enable override of tax schedule on document entry” must be enabled in Purchasing and...
You are also shown how to calculate and generate a VAT return, run month and year end procedures, correct data entry errors and even how to make those all important data backups. A real must for all Sage line 50 version 7, 8 or 9 users.G Gilert...