There are four different VAT schemes that you can switch between in Sage 50 Accounts: - Standard VAT
- VAT Cash Accounting
- Flat Rate VAT - Invoice Based
- Flat Rate VAT - Cash Based
NOTE: For further information about the schemes themselves, or when you can make a change, please refer to HMRC. If you've just registered for VAT, you can find more information here > Set up your company with the wrong VAT scheme? We recommend you restore a backup of the data before you started processing or rebuild and enter the transactions again. If this isn't possible you can follow the steps on this article to switch but you must manually calculate your VAT for the incorrect periods. NOTE: If you use Remote Data Access, you can only change the scheme at the main site. |