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Sage 200 - VAT code finder

Created on  | Last modified on 

Summary

Use this wizard to determine the relevant VAT code to use when posting sales or purchase transactions.

Resolution

NOTE: This article is part of a wizard, if required, you can restart at the beginning.

Which VAT code to useThe transaction should be posted at the normal UK rate. For example, VAT code 1 for standard rate, VAT code 2 for zero rated.
How this affects the VAT ReturnThe net element appears in box 6 and if applicable the VAT element appears in box 1.

Proof of exportation - When you sell goods abroad an exportation document is obtained to state that the goods have been sent abroad and not sold in the UK. Proof of exportation is defined in HMRC Public Notice 703 which is available on the HMRC website www.hmrc.gov.uk . For further information, please contact HMRC.

This article offers general guidance only. While accurate at the time of publication, it may not suit your specific needs. We make no express or implied warranties. For tailored advice, consult a professional. For VAT, customs, or duties queries, contact HMRC on 0300 200 3700 or visit www.hmrc.gov.uk. We accept no liability for any loss from using this content. VAT or tax codes shown reflect default software settings and may differ in your setup.