Which Sage 50 tax code do I use for suppliers not VAT registered?

I posted a question in our free Sage 50 Accounts support group on a topic that I know causes much debate!  The question was: “What Sage tax code do YOU use for suppliers not VAT registered?!” The post had 106 comments!  So, what tax code should you use for suppliers who are not VAT registered? Should the amount, which has no … Read More

Income tax and personal allowance in 2022/2023

If you’re using Sage 50 Payroll or Sage Business Cloud Payroll, the legislation tables and settings in your software will update either automatically or if you install the update. From 8th March 2022 installing this update became mandatory, meaning you can’t access your software until you do the update. In the Spring budget last year it was announced that thresholds … Read More

What tax code should I use for the ICO fee?

The amount you pay to ICO for your data protection fee depends on the size of your business. They also take into consideration your turnover and business structure. This can be any amount from £40 to £2,900. Is the fee subject to VAT? The ICO website states: “No. Statutory fees are outside the scope of VAT, so no VAT is … Read More

What I need to know about plastic tax

If you’re a business who manufactures plastic packaging or you import plastic packaging then you need to be aware of the plastic packaging tax which is coming into place from 1st April 2022. The government has introduced this tax in their efforts to help the environment. However, biodegradable and compostable plastic will still be subject to the tax. The tax … Read More