NOTE: This article is part of a wizard, if required, you can restart at the beginning.
Sales > Goods > UK > Reverse charge not relevant > VAT is charged
Standard rate
| Which VAT code to use | Use VAT code 1. |
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| How this affects the VAT Return | The tax amount appears in box 1, the net amount in box 6. |
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Reduced rate
| Which VAT code to use | There is no reduced VAT code set up by default. You should create one within the Tax Rates screen in the Settings menu of Accounting System Manager using VAT code 1 as a template. |
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| How this affects the VAT Return | The tax amount appears in box 1 and the net amount in box 6. |
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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.
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- Solution ID
- 210113081041537
- Last Modified Date
- Thu Oct 06 13:03:11 UTC 2022
- Views
- 0