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Which tax code to use - UK only

Created on  | Last modified on 

Summary

Find the right tax code to use in Sage 50 Accounts.

Description

The Sage tax code you use for a transaction depends on several things. Here you can find the correct tax code by answering a few questions about your sale or purchase. Use this guide together with HMRC VAT rates guidance to make sure your VAT Return is correct every time.

 CAUTION: Read our VAT disclaimer below, this article is a recommendation.  

Select the transaction type.

Select the type of transaction you want the tax code for:

Sale Purchase Bank charge or interest

 

Not VAT registered? If you're registered for VAT, you can record transactions using the non-vatable tax code, usually T9. 

 

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.