Which VAT rates does Sage Intacct cover?
When you subscribe to the Tax application in Sage Intacct, you can subscribe to different tax solutions to calculate, capture and report on your taxes.
In this tip of the week, we’ll outline the different tax solutions available.
When you’re in Sage Intacct you’ll see all the tax solutions you’re subscribed to. The tax solutions provide an easy way to set up your system for the tax rates you need. You can also have customisable templates specific to those countries and tax rates, such as Sales Invoices.
In order to run the VAT return you’ll need to have access to the Taxes module and you’ll need to be at top level.
Out of the Box Tax Solutions
Sage Intacct has out of the box tax solutions for:
- Australia GST
- United Kingdom VAT
- Canadian Sales Tax
- South Africa VAT
Sage Intacct is fully compliant with Making Tax Digital (MTD) and you can complete MTD submissions of your VAT tax returns directly to HMRC within the Intacct interface.
Find out how to complete VAT reporting and submissions here.
Custom Tax Solutions
Here at PKF SCS, we can build custom tax solutions for countries which you trade in that aren’t included with Sage Intacct out of the box. For example, we’ve created tax solutions for clients trading in Ireland, France and Germany. If you’re interested in any custom tax solutions, feel free to get in touch and we’ll be happy to help.
We’ve also tried and tested third party solutions such as Avalara which is a handy solution for navigating the different tax laws in the US. We can advise you on third party tax solutions and help you implement them.
If you’d like more information about the VAT solutions in Sage Intacct, please complete the enquiry form.
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