Sage 50 Accounts - March Support Bulletin

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Sage 50 Accounts - March Support Bulletin

Preparing for a financial year end?

There are likely to be things that you still have to finalise before you can close the financial year. Don't worry, you can continue processing until you're ready and even post into the next financial year. To help you prepare, we've gathered some common queries and useful resources, such as support guides and free year end training.

Find out more

Making Tax Digital (MTD) changes

As of 1 April 2022, all VAT registered businesses are required to use MTD for their VAT accounting. With this deadline approaching, we've updated our dedicated MTD hub including a handy checklist to help you get up to speed.

Health and social care levy

This levy is a new and additional type of personal income tax. The main way it’s funded is from earnings, deducted via PAYE in the case of full-time employees.

From 6 April 2022, National Insurance contributions (NICs) are increasing by 1.25% for one year only for employees, employers and the self-employed.

Find out more

Hospitality VAT rate change and Plastic packaging tax

On 1 April 2022, the UK standard VAT rate for the hospitality sector reverts back to 20%. The UK government is also introducing a new tax to some plastic packaging manufacturing.

Learn more from the legislation hub

If you're based in the Republic of Ireland, you can view other recent changes.

Webinars in March

To help you understand common tasks and processes, we're running some great live webinars this month! All you need are headphones and speakers to listen through your computer.

Keep your accounts accurate

You can use the Accounts audit option to carry out these checks:

Expand and develop your knowledge at no extra cost

Each month, we'll feature a Sage University course.

This month, we want you to be confident with month end and year end tasks. Learn more about these processes, including credit control and bank reconciliation.

Find out how

Answers at any time

The Help Centre featuring the Sage Knowledgebase is your one-stop shop for support and information, available 24/7.

Visit the Help Centre

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Solution ID: 220302080009030
Last Modified Date: Mon Aug 07 14:21:44 UTC 2023
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