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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> HMRC TAX REFUND
Post Info TOPIC: HMRC TAX REFUND
Stef


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HMRC TAX REFUND
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Hi

can someone please help me to post an Hmrc tax refund in sage with correct nominal codes and T codes.

thanks

Stef



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MarkS


Expert

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Hi Stef

Depends if sole trader/partnership or limited company.

If sole trader/partnership would post to capital introduced if ltd company would post to where you normally post the CT liabilty (probably around 23xx in the balance sheet).

Expect it is outside the scope of VAT and should be coded as T9.

Regards

MarkS

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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Stef


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Hi Mark


Thank you


Stef

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HendyPhilhendy


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Agree with Mark and it is definitely outside the scope of vat, therefore T9

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Phil Hendy, The Accountancy Mentor

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