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Post Info TOPIC: Companies House penalty T9 or T0 in Sage
Amanda


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Companies House penalty T9 or T0 in Sage
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Hi,

I have a client who has been doing his own bookkeeping on Sage and has done a good job so far, I have taken it over and I am running off Vat reports etc and I have noticed he has a penalty from Companies house and he has put a T0 code next to it.  I thought it should have been a T9, but don't know and at the moment I don't have the original documentation to check.

Anyone know the answer?

 

THanks,

 



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Amanda
Marky65


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Hi Amanda

I usually put these as T9

Can't think at the moment (Friday afternoon brain fade) for the exact reason though. Maybe someone will pop along and tell us why

Mark


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HendyPhilhendy


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T9 is outside scope of VAT and T0 is zero rated. Hence T9 is correct.

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Amanda


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Cheers guys I had a hunch I was right but its nice to get confirmation, looks like I have a few codes to change then!

cheers,


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Amanda
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