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Tax codes in Sage Accounts v27.0 and below - Ireland only

Created on  | Last modified on 

Summary

List of tax codes for Ireland in Sage 50 Accounts, how they're set up and how they affect your VAT Return.

Description

Sage Accounts calculates VAT using tax codes. Each tax code has a rate associated with it and the VAT calculated based on this rate.

To save you time when posting transactions, use the default tax codes already set up in your software. You can edit any of these tax codes or add your own.

There are 100 tax codes that you can amend the rate and description on. You can also specify if it's a tax code for Ireland or the UK.

Before you proceed any further, check that your computer's regional setting is Ireland and not the UK. 

NOTE:  This article relates to Sage 50 Accounts and Sage 50 accounts v27.0 and below, follow our alternative article for Sage 50 Accounts v27.1 and above.

Sage default tax codes

T0 Zero rated sales and purchase of goods for resale
T1 Standard rated sales and purchase of goods for resale - currently 23%
T2 Exempt sales and purchase of goods for resale
T3 Reduced rate sales and purchase of goods for resale - currently 13.5%
T4 Sales of goods to VAT registered customers in EC
T5 Exempt import of goods from suppliers in EC
T6 Exempt import of goods from suppliers outside EC
T7 Zero rated purchases of goods from suppliers in EC
T8 Standard rated purchases of goods from suppliers in EC
T9 Non-Vatable Tax Code

If you post any transactions with this tax code, they don't appear on your VAT Return.
T10 Zero rated purchase of goods for non-resale
T11 Standard rated purchase of goods for non-resale
T12 Exempt purchase of goods for non-resale
T13 Reduced rated purchase of goods for non-resale
T14 Zero rated export of goods to customers outside EC
T15 Exempt import of goods from suppliers in EC
T16 Exempt import of goods from suppliers outside EC
T17 Zero rated purchases of goods from suppliers in EC
T18 Standard rated purchases of goods from suppliers in EC
T19 Zero rated purchases of goods from suppliers outside EC
T20 EU reverse charge
T21 Zero rated purchases of goods from suppliers outside EC
T22 Sales of services to VAT registered customers in EC
T23 Zero rated purchases of services from suppliers in EC
T24 Standard rated purchases of services from suppliers in EC
T25 Reduced rated purchases of goods from suppliers in EC
T26 Reduced rated purchases of goods from suppliers in EC
T27 Second reduced rate sales/purchase of goods for resale
T28 Second reduced rate sales/purchase of goods for non-resale
T29 Second reduced rated purchases of goods from EC suppliers
T30 Second reduced rated purchases of goods from EC suppliers
T31 Livestock rate sales and purchase of goods for resale
T32 Livestock rate sales and purchase of goods for non-resale
T33 Livestock rated purchases of goods from EC suppliers
T34 Livestock rated purchases of goods from EC suppliers
T35 Flat rate compensation sales/purchase of goods for resale
T36 Flat rate compensation sales/purchase of goods non-resale
T37 Flat rate compensation purchases of goods from EC suppliers
T38 Flat rate compensation purchases of goods from EC suppliers
▼ Which boxes the tax codes affect on the VAT Return

 NOTE: Tax code T23 appears correctly on the VAT Return. We're currently investigating an issue where T23 transactions appear in the wrong box on the Return of Trading Details (RTD).  

Find out more about each box on your VAT Return by visiting the Revenue website.

Tax Code Sale or Purchase Net or VAT amount Box
T0 Sale Net Appears in Total value of sales, excluding VAT box
VAT N/A
Purchase Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T1 Sale Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchase Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2 
T2 Sales Net Appears in Total value of sales, excluding VAT box
VAT N/A
Purchase Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T3 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchase Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2 
T4 Sales Net Appears in box E1 and Total value of sales, excluding VAT box
VAT N/A
T5 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT N/A
T6 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T7 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT N/A
T8 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT Appears in boxes T1 and T2 and VAT due on intra-EU acquisitions box
T9 Non-vatable tax code which doesn't appear on the VAT return.
T10 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T11 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T12 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T13 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T14 Sales Net Appears in Total value of sales, excluding VAT box
VAT N/A
T15 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT N/A
T16 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T17 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT N/A
T18 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT Appears in boxes T1 and T2 and VAT due on intra-EU acquisitions box
T19 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T20 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in boxes T1 and T2 and VAT charged on supplies of Goods & Services box
T21 Purchases Net Appears in Total value of purchases, excluding VAT box
VAT N/A
T22 Sales Net Appears in box ES1 and Total value of sales, excluding VAT
VAT N/A
T23 Purchases Net

Appears in box ES2 and Total value of purchases, excluding VAT

NOTE: Due to a software issue, the net value also appears in the Total value of sales, excluding VAT box. This box is for information only and there's no need to amend this.  
VAT N/A
T24 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT

NOTE: Due to a software issue, the net value also appears in the Total value of sales, excluding VAT box. This box is for information only and there's no need to amend this. 
VAT

Values appear in boxes T1 and T2.

NOTE: Due to a software issue, the VAT value incorrectly appears in the VAT charged on supplies of Goods & Services box. This is instead of the VAT due on intra-EU acquisitions box. These boxes are for information only and there's no need to amend this. 
T25 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT Appears in boxes T1 and T2 and VAT due on intra-EU acquisitions box
T26 Purchases Net Appears in box E2 and Total value of purchases, excluding VAT box
VAT Appears in boxes T1 and T2 and VAT due on intra-EU acquisitions box
T27 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T28 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T29 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT
VAT Appears in boxes T2 and VAT due on intra-EU acquisitions
T30 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT
VAT Appears in boxes T2 and VAT due on intra-EU acquisitions
T31 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T32 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T33 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT
VAT Appears in boxes T2 and VAT due on intra-EU acquisitions
T34 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT
VAT Appears in boxes T2 and VAT due on intra-EU acquisitions
T35 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T36 Sales Net Appears in Total value of sales, excluding VAT box
VAT Appears in box T1 and VAT charged on supplies of Goods and Services box
Purchases Net Appears in Total value of purchases, excluding VAT box
VAT Appears in box T2
T37 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT
VAT Appears in boxes T2 and VAT due on intra-EU acquisitions
T38 Purchases Net Appears in box ES2 and Total value of purchases, excluding VAT
VAT Appears in boxes T2 and VAT due on intra-EU acquisitions