What I need to know about VAT for the 2022/2023 tax year

VAT wasn’t mentioned during the Autumn budget back in October. This means that for the 2022/2023 tax year the following will apply for VAT; Rates will remain the same The VAT threshold will remain the same The current VAT rates of 20% for the standard VAT rate, 5% for the reduced rate and 0% on zero-rated supplies will still be … Read More

What Sage 50 VAT tax code should I use for toll charges?

VAT can be a complex topic and what VAT codes to use in Sage 50 Accounts can be confusing. If you’re not sure what VAT tax code to use in Sage 50 for the toll charge expenses your business incurs, you’re in the right place as we train and support users of Sage 50! Here we explain exactly what VAT … Read More

What’s new in the Sage 50cloud Accounts and Sage 50 Accounts v27.1 release?

Following the release of the latest version of Sage 50cloud Accounts and Sage 50 Accounts, v27.1, we thought we would put some facts together for you about what’s new. What’s new in Sage 50 Cloud Accounts? The new upgrade gives you assistance to ensure that you are Brexit compliant, with the introduction of new tax codes. Download our latest Post-Brexit … Read More