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Hi all
My system shows the following 3 nominal codes for VAT:
2200 Sales Tax Control Account
2201 Purchase Tax Control Account
2202 VAT Liability
Surely, VAT liabiity = Sales Tax - Purchase Tax, so why have a seperate code for VAT Liability…
Hi there,
Could someone advise the correct tax code in Sage 50 for an Irish company invoicing customers for supply of services in the UK?
Pre-Brexit we have used the tax code T22 Sales of services to VAT registered customers in EC.
Thanks in advance…
Hi there,
I had a query re the correct tax code for invoices outside of the EU with no VAT. At the minute I have allocated them as T21 however i note this is relating to zero rated purchase of goods from suppliers outside the EU (i.e. US & India). Should…
I have some business expenses with no VAT receipt as they have been lost. I don't want to claim the VAT back but I want to record the expense. Should I be recording them using T0 VAT code, which is what my predecessor did? (They would have been standard…
What do people do in these situations? Obviously you should not claim the VAT back but which Sage VAT code should you use? My predecessor used VAT code T0 - is that right?