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VAT
nominal codes
vat code
vat liability
Why are there 3 nominal codes for VAT?
AOE
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…
Answered
over 2 years ago
Sage 50 Accounts
General Discussion Ireland