What's New Guide: Information on the new features for Sage 200 Professional.
VAT Online Accounts Closure
Since 1 April 2022, all VAT-registered businesses are mandated to follow MTD rules regarding digital record keeping and digitally filing VAT returns.
From 1 November 2022, businesses will no longer be able to use their existing VAT online account to file their VAT returns. HMRC will contact businesses that still need to sign up to let them know they must sign up for Making Tax Digital (MTD) and use MTD compatible software to submit returns.
Moving over to MTD for VAT is simple. Customers can find out more about MTD in our knowledgebase or our dedicated MTD pages.
We wanted to share the latest update with you and provide information on what this means for our product range, as well as letting you know about our planned activity with customers, so you can respond to any queries you receive.
Sage 50cloud Accounts
Sage 50c Accounts version 24.1 and above are fully compliant with MTD for VAT. The ability to submit an XML submission was removed in version 27.2. Customers using a version of the software that still allows an XML submission may still be submitting via this method or manually.
Sage will display an in-product message to customers identified as submitting via the XML method advising of the requirement to sign up and submit under MTD for VAT by 1 November, directing to guidance on how to confirm they are using a compatible version of the software, and sign up and Submit under MTD for VAT
Version 2018 and above contains the MTD for VAT functionality. The MTD for VAT module is available for earlier versions and additional scenarios such as multi company submissions. Version 2022 R1 and earlier, contains the XML submission feature, however once the gateway is closed this will stop working. No customer communications are planned.
For more information regarding your MTD for VAT functionality, please call Paradise Computing on 01604 655900 or send us a message using our online contact form.
Microsoft has announced they will be improving the make Every Meeting Online (EMO) feature in Outlook by including partner online meeting providers.
We’re delighted to announce the release of Sage 200 Professional 2022 R1, this latest release is also available via the Sage Provisioning Portal.