O'Reilly logo

Sage 50 Accounts For Dummies® 2nd Edition by Jane Kelly, ACMA

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 17

Running Your VAT Return

In This Chapter

arrow Checking, analysing and adjusting your VAT return

arrow Matching your VAT transactions

arrow Sending in your VAT return

arrow Clearing down your accounts

arrow Switching VAT schemes

arrow Accounting for scale charges

arrow Tracking for Intrastat

The acronym VAT (which stands for Value Added Tax, of course) often has a profound effect on people – from turning grown men pale to inducing a state of panic when a VAT inspection suddenly looms! You can avoid all this hysteria by keeping proper accounting records with a system such as Sage and running your VAT returns in a systematic, methodical manner.

The actual running of a VAT return takes mere seconds as a result of the integrated nature of the Sage software.

In this chapter, I take you through the two different VAT schemes ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required