Solution Properties
Solution ID:
201211133503823
Last Modified Date:
Wed Nov 29 15:38:29 UTC 2023
Taxonomy Path:
Case category//How do I...//processing
Author:
[email protected]
Sage 200 Brexit - Record import and export transactions - ROI only
Description
[BCB:42:CSat FB drive:ECB]

NOTE: For further information on the new VAT Code referenced in this artilce, click here

Table of Contents

NOTE: You may need to make changes to your country code settings for further information click here

 Trading with Great Britain (England, Scotland & Wales)


Following the end of the Brexit transition date at 11:00 pm on 31/12/20, trading with companies in Great Britain should be processed the same as you would for companies from the Rest of the World.

However, for any import of goods transactions from the Rest of the World you can now use postponed accounting to help with cashflow.

Goods – Imports

Using Postponed VAT Accounting 

From  

To  

Business / Customer

Goods / Services  

ROI VAT Treatment  

Sage 200  

Rate

ROW (inc. GB)

ROI

Business

Goods 

VAT has been postponed

New VAT code 18

Boxes T1, T2 & PA11

Ensure the correct rate is entered

Not using Postponed VAT Accounting 

From  

To  

Business / Customer

Goods / Services  

ROI VAT Treatment  

Sage 200  

Rate

ROW (inc. GB)  

ROI

Business

Goods  

VAT has not been postponed (Import VAT paid at customs)  

VAT Code 1

Box T1 

Ensure the correct rate is entered

1 Box PA1 is only available in Sage 200cloud Professional 2020 R2, Sage 200cloud Standard and Sage for Education.  For information on a work aroud for older versions of Sage 200 click here

Trading with Northern Ireland

NOTE: The VAT registration numbers that are displayed on your layouts may need to be change, for further information click here

Services Sale & Purchase

Following the end of the Brexit transition date at 11:00 pm on 31/12/20, sales and purchase of services with companies in Northern Ireland should be processed the same as you would for companies from the Rest of the World.  


Goods Sale & Purchase

Following the end of the Brexit transition date at 11:00 pm on 31/12/20, sales and purchase of goods with companies in Northern Ireland should be processed the same as you would for companies in the European Union, when following the Northern Ireland Protocol. Further information on the Northern Ireland Protocol can be found here

[BCB:22:IE - Sales message :ECB] [BCB:48:Accounts Irish VAT disclaimer:ECB]