How Your VAT Return is Calculated on sage line 50

As soon as you choose the Calculate button, Sage Line 50 searches through the Audit Trail for VAT transactions. The boxes on the Value Added Return window are then automatically updated with the appropriate values. These values are calculated on the basis of the tax codes you assigned each transaction. These tax codes are set-up in the Sage Line 50 Settings menu. Sage Line 50 includes in the VAT Return only those transactions that have not yet been reconciled and fall within the period you specify. However, if necessary, you can include reconciled transactions, and/or unreconciled transactions that are dated before the specified period.