Hints and tips when doing your VAT Return

Summary

Hints and tips when generating your UK VAT Return in Sage 50 Accounts.

Description

VAT Support hub

For help recording VAT, you can easily access support articles, videos and free training on VAT Returns from our Help Centre.

How to ensure your VAT Return is correct

When you calculate your VAT Return it automatically runs some verification checks to help you ensure the values you submit to HMRC are correct.

You can view the results of these checks and then make amendments if required.

How do I ensure that my VAT return is correct?

Forgot to reconcile the previous VAT Return

If you didn't reconcile the transactions on your previous VAT Return, a message appears informing you that there are transactions to reconcile predating the period. This just means you need to do a few extra checks to ensure the right transactions appear on your next VAT Return.

I forgot to reconcile my previous VAT Return

Is the transaction is VAT reconciled?

When you reconcile your VAT Return the relevant transactions flag with an 'R'. There may be times when you need to check the status of a transaction. Perhaps it isn't appearing on the VAT Return when you think it should.

Check if a transaction is VAT reconciled

Reports to check the figures

You can run these useful reports to print a copy of your VAT Return and analyse how the figures calculate.

VAT Return reports

Default tax codes and how they affect your VAT Return

Quickly see how each tax code affects the VAT Return, what the rate is and how it's configured.

UK - Default tax code

Tax codes included on the VAT Return

You can check if a tax code is set up for inclusion in your VAT Return.

Check if a tax code is included in the VAT Return

Submitting a VAT Return using the Sage MTD Submissions Module

If you're looking for help, you can use Submit a VAT Return using the Sage MTD Submissions Module for Sage 50 Accounts.

Hints and tips when doing your VAT Return - UK