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Sage 50 and changes to HMRC VAT Portal

March 5, 2018

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Type: Advice for Businesses, Advice for Individuals, Dental News, Medical News, MHA Chiks news, Pharmacy News, Start-ups and Small business Blogs

Are you using Sage line 50 and filing VAT returns direct with HMRC?

 

From 14 February, the Electronic Data Interchange (EDI) will be decommissioned and the existing service will be migrated to a new platform.
What does this mean for you?

 

To accommodate the changes, Sage will be updating the latest version of Sage 50 Accounts online (Sage 50v24 2018).  If you would like to continue to submit your VAT return directly from your Sage Software you will need to upgrade to the latest version.

 

If you do not wish to submit your VAT via the software, you will still be able to access the new portal via your HMRC online account and complete your return manually.

 

For Sage users on versions before v24, an upgrade will result in a move to a subscription model. Prices start from £20pm for simple businesses and will be around £60 a month for most small businesses. The latest version allows for cloud back-ups and direct links to your bank accounts to reduce the burden of bookkeeping.

 

If you would like to discuss Sage 50 and the changes to HMRC VAT portal in more detail, or you would like to speak with a member of our team, please email Judith Dugdale or call 01772 821021

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