Summary
Use this guide to determine the relevant VAT code to use when posting sales or purchase transactions in Sage 200 Accounts.
Action
NOTE: For examples of what VAT rates to use for popular goods and services, read more.
The VAT codes we recommend to use in this article are the Sage 200 default VAT rates. If you have changed the VAT codes, ensure you check which rate the VAT code is before you use it to process the transactions.
For VAT, customs and excise and duties enquiries you should call the HM Revenue and Customs (HMRC) National Advice Service Helpline on 0300 200 3700, contact your local HMRC office or visit their website at www.hmrc.gov.uk
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. |