Your VAT accounting and returns are essential to ensure compliance with HMRC. With Making Tax Digital (MTD) mandatory for all VAT-registered businesses from 1st April 2022, you must use recognised software to keep digital records and submit VAT to HMRC.
In this month’s customer webinar, you will learn about the available VAT Terms in Sage 200 accounting, including Reverse Charges and Postponed VAT Accounting.
We’ll review how to set up VAT codes, look at the effects of transactions on the VAT return, and run through the production of the final VAT return for your MTD submission.