Sage: Missing VAT return transactions advice

Sage: Missing VAT return transactions

 

Being the industry-leading independent chartered accountants that we are, we were recently notified by Sage of an issue relating to VAT returns.

 

Like many other accountants, we use software systems, such as Sage, to carry out our day-to-day work, which includes completing VAT returns for our clients.

 

Sage got in touch with us to inform us that a technical glitch their end means VAT transactions for 31 March 2019 aren’t currently appearing. It was crucial they flagged the issue to us, as it’s important HMRC are provided with full and accurate accounts at all times. Missing information can cause delays and lead to penalties.

 

Fortunately, there are a couple of quick fixes that are available for Sage versions 23, 24 and 25 that can be applied to work around the problem, which we’ve already implemented. They include:

 

  1. Installing the latest update – by visiting www.sage.co.uk/au and following the instructions there.

 

  1. Manually correcting the date range – when running your VAT return for the period ending March 2019. This can be done by clicking ‘Use custom date range’, followed by ‘Use whole months.’ This will change the VAT period end date to 31 March 2019.

 

We acted on the notification immediately and haven’t been impacted by the issue. If you’d like to find out more or have any queries about your Sage 50 accounts software, feel free to contact us on 01905 777600 or software@ormerodrutter.co.uk.

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