Sage 200 - VAT code finder
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.
Standard rate
| Which VAT code to use | Use VAT code 1. |
|---|---|
| How this affects the VAT Return | The tax amount appears in box 4, the net amount appears in box 7. |
Reduced rate
| Which VAT code to use | There is no reduced rate VAT code set up by default. You could create one within the VAT Rates screen in the Settings menu of Accounting System Manager using VAT code 1 as a template or alternatively overtype the VAT amount when processing the transaction. |
|---|---|
| How this affects the VAT Return | The tax amount appears in box 4, the net amount appears in box 7. |
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.
Solution Properties
- Solution ID
- 210113165621047
- Last Modified Date
- Thu Oct 06 12:52:52 UTC 2022
- Views
- 0