Issues with change in VAT in Sage Line 50

Ashwin Kandoi — Sat, 29 Nov 2008 18:42:08 +0000

I found this intresting article and a Tool while investigating issues with VAT rate change on Sage line 50.

The Problem

After detailed investigation we have concluded that Sage 50 has various issues (dependent on your version) with the recent changes in Vat. It generally calculates the Vat amount due per item line at time of entry or amendment.

This means that even after changing the Vat rate within Sage any outstanding orders (some versions only) and invoices including any memorised invoices (all versions other than 2009), it shows the new rate but the wrong (old) Vat amount. (It does this as it does not recalculate the Vat amount). On all versions there are issues with the Vat on carriage, which we also fix.

The Solution is The Bluestone Vat Correction Tool Just before you print and post your invoices, simply run the Bluestone Vat correction tool to ensure compliance. It checks all invoices within the defined date range and will recalculate the invoice. It does this by taking the item price (including any discounts given and applies Vat at the defined rate)

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VAT Change in SAGE Pastel Evolution and SAGE Pastel Partner

Ashwin Kandoi — Sat, 29 Nov 2008 07:32:12 +0000

With the advent of change in UK VAT rate from 17.5% to 15%, people are worried about the implications in the accounting softwares installed. There is a solution for this. Read the above link if you want to change the VAT Rate in Sage Pastel Partner and Sage Pastel Evolution

Click here for more details

Sage Line of Product Experts » VAT rate Change Sage Line 50

Issues with change in VAT in Sage Line 50

VAT Change in SAGE Pastel Evolution and SAGE Pastel Partner