VAT 201 Wizard: Overview

Solution Properties

Solution ID:

210702105314457

Last Modified Date:

Mon Jan 29 01:19:06 UTC 2024

Taxonomy Path:

Case category//How do I...//setup/create/run a report

Author:

[email protected]

VAT 201 Wizard: Overview

Description

Historically the VAT 201 report was calculated and maintained in Sage Accounting. This was a time consuming and sometimes tedious process to ensure that calculations were accurate and up to date.

Sage Compliance Cloud has added functionality to manage the VAT 201 calculations and report generation for various Sage products. Sage Accounting thus added the integration to allow the product to upload transaction data to Sage Compliance Cloud for submission to SARS.

Note: The functionality to submit the VAT 201 electronically to SARS is only available to Accountant Edition Users at this time.

Cause

Resolution

View the articles below to guide you step-by-step with your VAT 201 Wizard setup and running the VAT 201 Wizard:

Before running your first VAT 201 Wizard submission:

Ensure you complete all these steps prior to running the VAT 201 Wizard.

Step
1.	Complete Tax Practitioner Details and SARS Company Contact Information
2.	Capture or verify the validity of the VAT Registration number
3.	Verify/Update the Offset/Non-Offset selection
4.	Verify the company’s submission frequency
5.	Update User Access and cross-border data consent for VAT 201 Wizard

Running your VAT 201 Wizard:

These articles detail changes on the VAT 201 Wizard along with how to run. Steps are included on performing either a manual or electronic submission of the VAT 201 report.


1.	Changes to the VAT Returns and Reports screen
2.	Generating the VAT 201 Report for an Open VAT Period
3.	Manual Submission of VAT201
4.	Registering on E-filing for SARS Electronic VAT 201 submissions
5.	Electronic Submission of VAT201
6.	System Audit Trail Report

Read through our VAT 201 Wizard FAQ and Troubleshooting Guide

Steps to duplicate