Tax Codes for Sage Expenditure VAT Code VAT Type Vehicle Repairs & Servicing (not M.O.T.) T1 Standard Rate M.O.T. T9 Outside the Scope Net Wages Paid T9 Outside the Scope Bank Charges T2 Exempt Entertainment T9 Outside the Scope Subsistence T1 Standard Rate This handout is part of Sage Accounts Solutions training course. Sage Accounts Solutions and it’s employees shall not be liable for any loss or damage suffered as a result of any information contained herein. This information is provided as a guide, in certain cases the code may vary, for further advice contact your Accountant. © 2014 Sage Accounts Solutions Ltd Tax Codes for Sage Expenditure VAT Code VAT Type Tea, Coffee, Sugar T0 Staff Refreshments (Basic Foods) Zero Rated Computer Equipment T1 Standard Rate Donations T9 Outside the Scope Pay & Display Car Park T1 Standard Rate Road Side Parking T9 Outside the Scope Stamps & Postage T2 Exempt This handout is part of Sage Accounts Solutions training course. Sage Accounts Solutions and it’s employees shall not be liable for any loss or damage suffered as a result of any information contained herein. This information is provided as a guide, in certain cases the code may vary, for further advice contact your Accountant. © 2014 Sage Accounts Solutions Ltd Tax Codes for Sage Expenditure VAT Code VAT Type Bank Interest Received T9 Outside the Scope Inland Revenue Payments (PAYE & NIC) T9 Outside the Scope Courier Costs T1 Standard Rate Advertising T1 Standard Rate Rail Fares & Air Fares T0 Zero Rated Juice, Spring Water & Squash T1 for Staff Refreshments (Luxury Foods) Standard Rate This handout is part of Sage Accounts Solutions training course. Sage Accounts Solutions and it’s employees shall not be liable for any loss or damage suffered as a result of any information contained herein. This information is provided as a guide, in certain cases the code © 2014 Sage Accounts Solutions Ltd may vary, for further advice contact your Accountant. Tax Codes for Sage Expenditure VAT Code VAT Type Rent T9 (If No VAT added to Invoice) Outside the Scope Books & Newspapers T0 Zero Rated Insurance T2 Exempt Domestic Fuel or Power @ 5% T5 VAT @ 5% Loans & Drawings T9 Outside the Scope Transfer of Funds T9 Outside the Scope This handout is part of Sage Accounts Solutions training course. Sage Accounts Solutions and it’s employees shall not be liable for any loss or damage suffered as a result of any information contained This handout is part of Encyte’s Sage Basic Accounting course,herein. based on a dummy company. This information is provided as a guide, in certain the code Encyte and it’s employees shall not be liable for any losscases or damage suffered © 2014 Sage Accounts Solutions Ltd may vary, for further advice contact your Accountant. as a result of any information contained herein. Tax Codes for Sage Expenditure VAT Code VAT Type Fuel Purchase from EU (Consumed in EU) T9 Outside the Scope Congestion Charge T9 Outside the Scope Overdraft Interest Paid T9 Outside the Scope Gifts T9 Outside the Scope Eye Tests T2 Exempt Rates T9 Outside the Scope This handout is part of Sage Accounts Solutions training course. Sage Accounts Solutions and it’s employees shall not be liable for any loss or damage suffered as a result of any information contained herein. This information is provided as a guide, in certain cases the code may vary, for further advice contact your Accountant. © 2014 Sage Accounts Solutions Ltd
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