Hi my name’s David and I’m a member of the Sage One customer support team. It is my job to make sure our customers receive the best possible service and to answer any questions about the service.
Completing a VAT Return can be a daunting experience and nobody likes paying the tax man, however it must be done. Sage One Accounts has made the process of creating and submitting your VAT return a whole lot easier with 4 quick painless steps. If you have just become VAT registered, you may not know what to do or what you have to submit to HMRC.
Sage One Accounts will generate a detailed VAT return showing clearly what is owed to you or what you owe HMRC. At the click of a button you can then submit your figures direct to the HMRC, without the need to manually enter these figures through the government web site, saving you time and allowing you to focus on the thing that is most important to you, your business.
Once the VAT return has been completed, it’s automatically stored allowing you to look back at any historical VAT returns at the click of a button.
Many small businesses trade within Europe as well as within the UK and Ireland. A common question we get asked in customer services is “how do you affect the VAT return in Sage One Accounts, if you have purchased or sold goods abroad?”
The answer to this is that you can simply adjust the relevant boxes when you are running the VAT return, usually boxes 8 & 9.
If you are ever in doubt about this you can always check with HMRC to confirm what boxes need to be affected, or of course give us a call and we’d be happy to offer some guidance
For a detailed step-by-step guide to processing your VAT Return in Sage One Accounts, take a look at our help article on the Sage One website