How the Republic of Ireland tax codes affect your VAT Return

Using the right tax code when posting your transactions not only ensures you apply the right VAT rate, but also determines where the net and VAT values appear on your VAT Return.

See examples of tax codes to use for common goods and services >

NOTE:  This article relates to Sage 50 Accounts v27.1 and above only. For details of tax codes in Sage 50 Accounts and Sage 50 Accounts v27.0 and below, read more >

Below is a list of all default tax codes in Sage 50 Accounts v27.1 and above, and how they affect your VAT Return. You can also find out more about each box on your VAT Return by visiting the Revenue website.

NOTE: Find out how OSS/IOSS tax codes affect your VAT Return and RTD.

This article provides general rather than specific guidance to assist all of our customers, including both in the United Kingdom and Republic of Ireland. We always do our best to make sure that the information is correct but as it's general guidance, no guarantees can be made concerning its suitability for your particular needs. The information is valid for our general customer base at the time of publishing and is provided without any warranty of any kind, express or implied. You should take professional advice if you require specific guidance on your individual circumstances, for example to ensure that the results obtained from using our software comply with statutory or regulatory requirements. For VAT, customs and excise and duties enquiries you should contact The Revenue. In no event will we be liable to you for any direct, indirect, consequential or incidental loss or damage arising out of or in connection with your use of the information provided.
The VAT or tax codes used in this article are based on the default or recommended codes set up in the software. These may be different in your software.