Hints and tips when doing your VAT Return - ROI

Hints and tips when generating your Republic of Ireland VAT Return in Sage 50 Accounts.

How to ensure your VAT Return is correct

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Forgot to reconcile the previous VAT Return

If you didn't reconcile the transactions on your previous VAT Return, the next time you calculate your VAT Return a message appears informing you that there are a number of unreconciled transactions from before the specified period. This is an easy thing to miss and just means you need to do a few extra checks to ensure the right transactions are picked up on your next VAT Return.

I forgot to reconcile my previous VAT Return

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Check if a transaction is VAT reconciled

In Sage 50 Accounts, when you reconcile your VAT Return the transactions that are included are flagged as being reconciled. There may be times when you need to check if a transaction is reconciled or not. Perhaps a transaction isn't being picked up on the VAT Return when you think it should. You can do an easy check to see what the VAT flag is on the transaction.

Check if a transaction is VAT reconciled

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VAT Return reports

You can run these useful reports to print a copy of your VAT Return, as well as summary and detailed reports that show you what transaction types and tax codes are making up the figure in each box of the VAT Return, to individual transactions that make up each box and the tax code.

A guide to VAT reconciliation 

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Default tax codes and how they affect your VAT Return

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

Default tax codes - v27.1 and above - Ireland

Tax codes in Sage Accounts v27.0 and below - Ireland only

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Tax codes included on the VAT Return

You can easily check if a tax code is set up to be included in your VAT Return.

Check if a tax code is included in the VAT Return

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Need more help with VAT?

Why not visit our dedicated Ireland VAT Help Centre.

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