Sage have announced their latest updates to support the UK transition from the EU with the release of Sage 200cloud Professional 2020 R2.
These changes are now available for download and will have to be installed manually to your Sage 200cloud Professional.
Updates to the product to support the UK transition from the EU include:
Support for Postponed Accounting (UK):
New Vat Terms
New Vat Rates within Vat Rate Details section.
Updates to exiting VAT codes (UK):
VAT code 4
VAT Return (UK):
Updated VAT label boxes – this won’t be visible on install as they don’t apply until 08 April 2021. This will be remotely activated by Sage for versions with this feature.
VAT Return (ROI):
Introduction of PA1 box
Updated XML schema for VAT submission
Both of these features will be remotely activated by Sage in time for the launch of legislation.
Removing the reliance on GB needing to be ticket as EU to generate the report.
Country List updates:
New data sets/new installs – GB flagged as outside of EU
2 new country codes XI/XU
You can find out more information via the Sage Brexit Hub. Please contact us if you require additional advice and if you need to book your install to access the new features of Sage 200cloud Professional 2020 R2.