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Post Info TOPIC: Sage VAT
tonys


Senior Member

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Sage VAT
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Hi,

 

What is the best way to set up a 15% VAT rate?  I am not sure how to set say T2

 to 15%

Cheers,

Tony



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Marky65


Guru

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Posts: 771
Date:
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Hi Tony

When in Sage

Go to Settings, Configuration, Tax Codes, highlight tax code that you want to change & in your example it is T2, click on Edit and change the rate to 15%, make sure the Include in VAT return box is ticked, change the description, click on OK, click on Apply, click on Save and finally click on Close. The VAT rate should now be changed.

Hope this helps

Regards

Mark


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M & G Associates

Website www.mgassociates-accountancy-services.co.uk/

Accountancy Services Plymouth, Bookkeeping Payroll Sage Training

 
Wella


Expert

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Posts: 2256
Date:
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Hi Tony

I agree, follow Marks instruction.

Would just advise though that T2 is already used for exempt supplies, so would suggest using an "unreserved" code

Bill



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tonys


Senior Member

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Posts: 226
Date:
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Cheers I did this ages ago i am ashamed to say!

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