
What the HMRC Making Tax Digital for VAT letters mean for your business
Received a letter from HMRC about Making Tax Digital for VAT? Here's what you need to know about MTD for VAT and do now.
Pay employees quickly and easily using our optional Payroll add-on and sync these payments with Sage Accounting automatically, saving hours of work.
*Get 4 months free, then £12/£26/£33 + VAT/mo (tier depending). Terms and conditions apply.
(1) Starting at 5 employees from £0.00 (offer price) per month + VAT with the option to add employee tiers for up to 100 employees. RRP from £7 + VAT per month (after offer).
(2) Snap and upload data from unlimited receipts, invoices and supplier statements with AutoEntry, free for your first 2 months. Subject to fair usage policy. Standard and Plus tiers only.
Sage Accounting helps you take the wheel with your finances, whether you’re a taxi, trucking or courier company. Use our cloud software to reduce time consuming admin, keep track of payments going in and out of the business and see forecasts with real-time data. Use Sage Accounting to:
It's straightforward to set up Sage Accounting and then apply the correct VAT rate to your services whether they involve the chauffeuring of people or transportation of goods. Simply hit a button to submit an accurate VAT return to HMRC as often as you need.
Sage Accounting Standard is a good choice for transport companies, couriers and taxi drivers. It simplifies recording income and expenses and enables collaborating with an accountant prior to a tax return to HMRC. You can use the optional Payroll add-on to pay employees quickly and easily.
Sage Accounting for transport businesses is HMRC and MTD compliant software that helps you stay on top of the latest legislation so that you can focus on what you do best. It’s easy to quickly and securely file VAT returns as Sage Accounting calculates the VAT for you. You can collaborate with your accountant or bookkeeper using real-time data. And with a clear view of a live running total of your tax liabilities, you can have complete confidence that your returns are accurate every time.
There are plenty of ways you can save time with Sage Accounting. Here are some examples:
Automate manual tasks
By automating tasks, you can cut down the amount of time you spend on manual data entry to save money and focus on the areas of the business that need the most attention.
AutoEntry
Spend less time on admin and more time on your transport business with a paperless way to manage receipts. Simply snap, scan or email a photo of your receipts, bank transactions, invoices or other documents for your Sage accounts using AutoEntry. Then categorise, publish and share them with your accountant through Sage Accounting. AutoEntry captures tax summaries and full line item details including description, quantity and unit price so it’s an easy way to log the information you need, when you need it.
Other ways to save time:
Get added functionality with our partner apps which integrate directly with Sage Accounting, bringing you more tools that help you get the job done.
Remove the need for data entry
AutoEntry is an intelligent, cloud-based solution which eliminates bookkeeping data entry, so users never again have to type up invoices or receipts.
3 – way modelling and forecasting
Castaway is a reporting and business modelling solution that allows you to budget, forecast, analyse KPIs, model scenarios and manage consolidations.
Get paid faster
Satago helps business owners and accountants get invoices paid faster and protect against credit risk.
"The client clicks on the button in the invoice, makes the payment and that’s it taken care of."
Bruce Coates,
Transvercia Chauffeur Drive
Received a letter from HMRC about Making Tax Digital for VAT? Here's what you need to know about MTD for VAT and do now.
Making Tax Digital applies to all VAT registered business now. Read our guide to learn how to register for MTD.
Want to find out if your business is actually profitable? In this article, we teach you how to read your profit and loss account.
Financial statements are the building blocks of any well-run company. Here's how they can help you to manage and grow your business.
Learn about the 4-step masterclass programme that will help you and your practice get ready for MTD for Income Tax Self Assessment.
Getting greater visibility into your business can help you make the right decisions. Discover how using dashboards can play a key role.
Myths have arisen about Making Tax Digital. In this article, we dispel some mistaken beliefs around MTD for VAT and MTD for Income Tax.
How do you help clients switch to MTD for VAT? Start by educating them about Making Tax Digital. Read this article to learn how to do that.
Give Feedback