Sage Tax Codes for EU Purchases/Expenses

SUGGESTED

Advise needed.

So what would you recommend. I have monthly expenses for employees. They travel to Ireland (Dublin), USA and EU. They generally accumulate subsistence as they are away for work.

I understand they cannot obviously claim for VAT however what tax code should I ideally be using when entering the invoices?

Thanks

  • 0
    SUGGESTED

    Hi Sonya,

    Thanks for using Sage City.

    With a specific query about tax liability like this, I'd be inclined to check with HMRC's VAT Enquiries service, they should be able to advise how the transactions affect the VAT Return, if at all. Once you have this information then Sage Technical Support can advise on the right tax code to achieve what's needed in Sage Accounts. VAT Enquiries contact details are here >

    Regards,

    Andy

    Sage UKI

  • 0

    Hi there.

    I have a similar problem. 

    Our employee's regularly travel to the EU and pay for taxi's/meals etc. with the company cards. Previously I have always posted these as Bank Payments on Sage. I now can't as I am unable to post Bank Payments with the new EU tax codes (T16 etc.) as Sage will not allow it. 

    I do not always have invoices for these transactions, so I can't post them with the Supplier invoice option. How are we to post these?

  • 0 in reply to Hollie
    SUGGESTED

    Hi Hollie,

    Thanks for using Sage City.

    The EU tax codes you mentioned are restricted to Supplier transactions to ensure they affect the VAT Return correctly. For the scenario you mentioned, I'd advise contacting your accountant or HMRC to clarify which boxes of the VAT Return should be affected. Once you know this, Sage Tech Support will be able to advise you how to post them correctly in the software.

    Regards

    Andy

    Sage UKI

  • 0 in reply to Andy Rickeard

    Yes I have spent many sleepless nights scouring the internet, contacting HMRC by phone, email and pigeon but I never seem to get a response. I have gone on many forums and many have the same problem. Too many codes, rules.... reversal charges T15...Products purchased over £135... and so on...too many rules and too many areas for error in my mind. Especially when you have a large company dealing with worldwide transactions of products and services.

    Nothing is ever simple. Thank you for your reply