These screen shots are based on Sage 50 2008 (v15) procedures are similar for Sage Line 50 versions 12, 2007, 2009 and 2010.
From Settings menu, select Configuration
Select Tax codes tab to view this section of the window. Select T1 code.
Edit to give 17.5%, and a suitable description which will print on your internal VAT reports.
Confirm by clicking OK to return to the main VAT window.
Despite appearances it is not necessary to actually Save the Configuration screen for changes to take effect, Apply is sufficient.
In addition to changing system VAT defaults, it is a good idea to make sure all customer, supplier and product (stock)records have the correct VAT code allocated.
The above instructions show you how to change the VAT rate. Before making immediate VAT code changes, you should consider how you will deal with sales invoices from 2009 still to be updated, or 2009 purchases at 15% VAT which have still to be entered onto your system. There are a variety of strategies and methods to handle these situations, as well as other common company requirements such as detailed VAT reports where your VAT period will include old and new VAT rate transactions.
If you are confident you can make the changes yourself, great, hope you found this page useful. However, keen as Business Support Solutions is to help, there is a limit to how much free Sage support is available!
If you would like some professional and efficient help making VAT changes to your system, or need to make other changes, such as customer and supplier defaults, contact us. We can support you by telephone and remote connection software.
Telephone and remote support costs £5.25 per five minutes. Payment by credit or debit card.
Remote support is via TeamViewer remote connection software, to use simply download the free TeamViewer client. Call us on 01595 880503 during office hours, and we can talk you through the solution needed for your system.
clink link to download TeamViewer support software, select run when prompted.
Remote connection through TeamViewer is a secure remote connection, access remains controlled by you, and since each connection generates a new password seen only by you, additional sessions are not possible without your consent. Find out more about Teamviewer
Contact me to book your appointment.
On site support is available in Shetland at £47 per hour on-site (some travel may be chargeable).
Non-account customers can pay for instant telephone support by credit card.
You may also need to make changes to company sales invoices to reflect the change in VAT back to 17.5%. Contact me. I can amend your Sage stationery layouts for you - on site at your own office (in Shetland) or from an attached copy of your old layout. More information about custom reports and layouts.
Business Support Solutions is a small, Shetland based company run by Kevin Learmonth, operating nationally providing business software, training and support services to companies throughout the UK.
Our range of web services are developing a reputation for delivering measurable results for increased business, new markets and new customers.
Within Shetland we provide a wide range of coordinated and integrated IT services and solutions.
All prices in GB pounds and subject to VAT at 17.5%. Time is charged from arrival on-site, or from acceptance of support offer for remote/telephone support. Units charged from beginning of unit measurement, e.g. 7 minutes remote support changed as 2 units. All details as of 04/01/2010
I can offer telephone and remote connection support. For local customers on-site support is also available.
Telephone and remote connection support costs £5.25 per five minutes. On-site support is £47 per hour.
