Case category//How do I...//governmental/legislative compliance
Author:
David.Price1@sage.com
Enable OSS/IOSS reporting
Description
With Sage 50 Accounts v27.2 and above, you can enable OSS/IOSS reporting to help you deal with sales to consumers in EU countries under the One Stop Shop and Import One Stop Shop schemes.
Cause
Resolution
[BCB:252:ACCOUNTS - OSS downtime:ECB]
Install the latest version of Sage 50 Accounts
OSS/IOSS reporting is available in Sage 50 Accounts v27.2 and above.
TIP:To check if OSS/IOSS reporting is already enabled click Help then click About. Read more >
When you enable the OSS/IOSS reporting option, as well as activating the feature, you're also prompted to select the nominal codes to record and report on VAT collected on these sales.
Click Tools then click Activation and click Enable OSS/IOSS reporting.
Click Next and select the nominal codes to use for the VAT liability control accounts for each scheme. UK:
Scheme
Nominal code
Description
Union OSS
2205
Union OSS Tax Control Account
Non-union OSS
2206
Non-union OSS Tax Control Account
IOSS
2207
IOSS Tax Control Account
By default nominal codes 2205 - 2207 are used, if these codes are already in use, three other codes within Current Liabilities are used. Ireland:
Scheme
Nominal code
Description
Union OSS
2205
Union OSS Tax Control Account
TIP: If required, you can amend these control accounts before posting transactions to them. To do this, in the main Sage 50 Accounts desktop, clickSettingsthen clickControl Accounts.