| [BCB:42:CSat FB drive:ECB]  NOTE: The new VAT Codes listed in this article are the default numbers that will be automatically created in Sage 200cloud Professional 2020 R2 (and above), Sage 200cloud Standard, Sage for Education and Sage 200 Extra Online Update (2016 SP4) - further information can be found here. For information on creating these VAT Codes for older versions of Sage 200 click here.
Key| Abbreviation | Description | | ROI | Republic of Ireland | | UK | United Kingdom | | GB | Great Britain (England, Scotland and Wales) | | NI | Northern Ireland | | EU | European Union | | ROW | Rest of World |
Trading with the EU/ROWGoods - Imports From | To | Business / Customer | Goods / Services | UK VAT Treatment | Sage 200 | Rate | ROW (Excl. EU) | NI | Business | Goods | VAT has been postponed | New VAT code 18 Boxes 1, 4 & 7 | 20% | VAT has not been postponed (Import VAT paid at customs) | VAT Code 1 Boxes 4 & 7 | 20% | EU | Purchase Goods (Intra EU) | VAT code 8 Boxes 2, 4, 7 & 9 | 20% |
Further information on postponed accounting can be found here. Services – Purchase From | To | Business / Customer | Goods / Services | UK VAT Treatment | Sage 200 | Rate | EU / ROW | NI | Business | Services | Reverse charge | New VAT code 16 Boxes 1, 4, 6 & 7 | 20% |
Goods – Exports From | To | Business / Customer | Goods / Services | UK VAT Treatment | Sage 200 | Rate | NI | ROW (Excl. EU) | Both | Goods | Zero Rated | VAT code 2 Box 6 | 0% | EU | Business | Goods | Zero Rated | VAT code 4 Boxes 6 & 8 | 0% | Customer | Subject to VAT in the country of the customer | Zero Rated | VAT code 4 Boxes 6 & 8 | 0% | Subject to UK VAT | Standard rate | VAT code 1 Boxes 1 & 6 | 20% |
Services – Sale From | To | Business / Customer | Goods / Services | UK VAT Treatment | Sage 200 | Rate | NI | EU / ROW | Business | Services | Zero Rated | VAT code 2 Box 6 | 0% | Customer | Services | UK VAT charged by seller | VAT Code 1 Boxes 1 & 6 | 20% |
Trading with GB
Our current understanding is that GB/NI transactions will continue to be treated as domestic sales and purchases from a VAT perspective.
[BCB:22:IE - Sales message :ECB] [BCB:48:Accounts Irish VAT disclaimer:ECB] |