Reverse vat Charge In sage L 50

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M Norine
M Norine Registered Posts: 6 New contributor 🐸
edited June 18 in AAT member community
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

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  • Monsoon
    Monsoon Registered Posts: 4,020 Beyond epic contributor 🧙‍♂️
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    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: 794 Epic contributor 🐘
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    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: 222 Dedicated contributor 🦉
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    Oh dear...Last November Sage told me to use T24.
  • Londina
    Londina Registered Posts: 794 Epic contributor 🐘
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    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

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