Preparation

Before you switch on the MTD feature in Sage 50 accounts, check you have

• Successfully registered with HMRC for MTD.
• Make sure you have a MTD compliant version of Sage 50 Accounts.

Activate

1. Open the company you want to switch to submit using MTD for VAT.
2. Click Settings and then click Company Preferences.
3. Enter your password and then click OK and then click the VAT
4. Click the Enable Making Tax Digital for VAT submissions check box.
5. Click Yes and then click OK.

When you next submit your VAT return it will submit under MTD.

New Features in Sage 50cloud Accounts V25.1 include

VAT Return attachments – To help with Making Tax Digital (MTD) compliance, you can now attach documents to your VAT return such as a partial exemption calculation etc.

Journal attachments – You can now attach documentation to a journal transaction eg copies of Hire Purchase Agreements etc.

Bank reconciliation tracking – View transactions that have caused a difference in your bank reconciliation.

VAT Return improvements – You can now access your VAT return while other network users are logged in.

Sage Drive improvements – See which Sage ID is used to connect to Sage Drive and receive advance warning when it’s due to expire.