Do you worry about VAT?

Saturday, July 13, 2013 8:42:00 AM

Every month Sage receives an average of 1,300 calls about VAT. Over recent years they have been making it easier to make VAT returns. The release of 2014 sees more improvements to give you peace of mind that you are submitting VAT correctly.

New in Sage 50 Accounts 2014:

• Show me how

Gives you the confidence that you are entering and processing transactions correctly for your VAT scheme

• VAT verifier

8 checks at the click of a button. Check your return before submitting to HMRC. Gives you the confidence that it contains all the transactions for the VAT period you’re submitting for

Improved VAT, Month and Year End – quick, and easy, keeping you in control

• Submit VAT returns online with complete peace of mind – fully tested for VAT returns by HMRC

• New look Year End and Month End screens are more informative and intuitive

• See the status of each VAT return

• Automatically calculate VAT returns for both the invoice and cash-based flat-rate VAT schemes

• See when each stage is complete, so you know everything has been done correctly and your business complies with the law

• Set a lock date to prevent errors caused by posting after the period end

• Record amounts and reasons for any adjustments to help you reconcile changes and account for them during HMRC inspections

• Save time – submit your return in just three clicks

• Keep a record or your return with submission receipts automatically stored alongside your VAT returns

• Quickly send payment instructions to your bank to pay HMRC directly from your software via e-banking

To find out what has improved since your version download this document

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