Before you enter any transactions, and to make sure your VAT calculates correctly on the VAT return, you must make sure your VAT is set up correctly.
This explains how to:
- Enter your VAT scheme and VAT registration number
- Choose how often you submit VAT returns
- Set up defaults to reduce errors
- Set up VAT for trading abroad
Enter your VAT scheme and registration number
- From Settings, choose Business Settings, then Accounting Dates & VAT.
- In the VAT Details section, check the following:
- VAT scheme - Check you have selected the correct scheme.
- Submission frequency - Choose how often you submit a VAT Return to Revenue. This depends on how you registered with Revenue.
- VAT number - Your VAT registration number.
Set up VAT defaults in Sage Accounting
To make sure you're using the correct VAT rate, consider setting up default VAT rate for things you use often, such as ledger accounts.
Set a default VAT rate on ledger accounts.
When you enter transactions and select this ledger account, we use the VAT rate you set here. You can still change this if needed.
- From Settings, then Business Settings, then Chart of Accounts.
- Open the ledger account from the list.
- From the drop-down list, choose the correct VAT rate.
Set up VAT for trading abroad
Sales to EU customers
This is an optional scheme to help you report and pay all EU VAT through a single return instead of having to register and pay VAT in each country you sell to. Read about EU VAT e-commerce rules.
If you want to use this scheme, choose:
Use destination VAT for sales to EU consumers