Sage 200 - VAT code finder: Import of goods under import reverse charge threshold
Summary
Use this wizard to determine the relevant VAT code to use when posting sales or purchase transactions.
Description
NOTE: This article is part of a wizard, if required, you can restart at the beginning.
NOTE: The option to create this code is available in the Settings menu within Accounting System Manager and choose VAT Rates.
Import of goods - under import reverse charge threshold
| Which VAT code to use | Use VAT code 19 |
|---|---|
| How this affects the VAT Return | The VAT amount appears in boxes 1 and 4, the net amount of the transaction appears in box 7. |
Find out more about the UK Low Value Import Scheme.
| 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
- 210113170807343
- Last Modified Date
- Thu Oct 06 12:59:55 UTC 2022
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