Sage 200 - Brexit checklist for Great Britain when not using the latest version of Sage 200

Summary

The United Kingdom's (UK) withdrawal from the European Union (EU) affects, amongst other things, how goods moving between the UK and EU should be accounted for. We've pulled together a checklist to guide you through what you need to do in Sage 200.

Description

What do I need to do?

Before 1 January 2021

HMRC requirements >

Visit www.gov.uk/transition to check HMRC advice on preparing your business, and information on specific rules and regulations.
Apply for a Economic Operator Registration and Identification (EORI) number >
Enter your EORI into your software >

Update your software >

Sage 200cloud Professional 2020 R2 has new features including new VAT codes for processing after the end of the Brexit transition period.

You can still process effectively using your current version of Sage 200 by following the workarounds which this article will guide you to.

Please contact your Sage support provider to discuss you upgrade options.

After 1 January 2021

Processing imports and exports after 1 January 2021 >

Update your EU tax codes and commodity codes in your software >

You need to update the VAT codes on existing EU records and outstanding items, and if required, add commodity codes to your products.

Final considerations >

Find out more about Brexit

This article offers general guidance only. While accurate at the time of publication, it may not suit your specific needs. We make no express or implied warranties. For tailored advice, consult a professional. For VAT, customs, or duties queries, contact HMRC on 0300 200 3700 or visit www.hmrc.gov.uk. We accept no liability for any loss from using this content. VAT or tax codes shown reflect default software settings and may differ in your setup.