VAT Overview

Value Added Tax (VAT)

VAT is a tax levied on goods and services from production to the final consumer.

Refer to the article below for in-depth guidance.

Set up your VAT settings 

You configure VAT codes, rates, and default so Sage calculates transactions correctly. Learn more to set up your VAT settings.

Prepare VAT Returns and Reports 

You generate and submit VAT returns, along with the compliance reports you need. Find out how to prepare VAT Returns and Reports.

Run VAT Reports 

You track VAT liabilities and reconcile VAT activity with detailed reporting options. Explore this in run VAT reports.

Process VAT payments and refunds 

You record payments to the tax authority and capture the refunds you receive. Follow the steps in the processing VAT payments and refunds.

Use the VAT 201 Calculation Report 

You review how Sage calculates VAT figures for the VAT 201 return. Check the details in use the VAT 201 Calculation Report.

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