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Post Info TOPIC: Sage Tax Code for Non Vat Reg Supplier


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Sage Tax Code for Non Vat Reg Supplier
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Hi there, this seems to be rather a grey area with both accontants and bookkeeepers I have spoken to, but what sage tax code should be used if the supplier is not VAT registered for example a bookkeeper (whose service is vatable but they are not) T1 and no VAT accounted for in the vat column or T0, I know this will not affect VAT return but would be good to be using the correct code, would be interesting to know what the ICB think on this or anyone else out there?  Thanks

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Julie



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Hi Julie,

Personally I use T0. If only because if you used T1 and no VAT, when you verify the VAT return it may pick it up as a question mark.

Pauline

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Pauline



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You should use T0 for suppliers who are not VAT registered but supply VATable goods and/or services, because the supply is not either exempt or outside the scope of VAT.

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Advice from beyond the grave!!!

E&OE



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Thanks very much for advise.

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Julie

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