Reverse vat Charge In sage L 50

Options
M Norine
M Norine Registered Posts: 6 New contributor 🐸
in VAT
Hi all

can anyone tell me how to handle the reverse VAT on sage line 50 please? i.e.. which tax code to use in sage? how to configure it? At the monent I'm doing this manually in vat return
I've gooled a bit and done few tests; but can't figure it out

sage line 50 version 18
any thoughts would be very appreciated
thanks

Comments

  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
    Options
    Do you mean the EU reverse charge?

    As standard, sage uses T4 for EU sales and T8 for EU purchases. If you go into the tax code configuration it should tell you :)
  • Londina
    Londina Registered Posts: 814 Epic contributor 🐘
    Options
    you should use the same codes Monsoon mentioned even if the invoices are for services, not only for goods, as there is a bug on SAGE and T24 (the new tax codes for services) doesn't work property
  • Yazi
    Yazi Registered Posts: 225 Dedicated contributor 🦉
    Options
    Oh dear...Last November Sage told me to use T24.
  • Londina
    Londina Registered Posts: 814 Epic contributor 🐘
    Options
    sorry Yazi, you are actually right, it wasn't T24, but T20 (the specific code for reverse charge), it doesn't work as it only populate 3 boxes instead of 4 :thumbdown:!!

    T24 is ok

Categories

Privacy Policy