* Following the previous post, for those using Sage, the process is greatly automated, provided that you have used the correct Sage VAT Codes, of course. Go into Financials and select the VAT Return option. Enter the correct start and end dates for the VAT Quarter in question. Click the ”Calculate” button (at this point, provided you have [read more]
 SAGE VAT codes*Sage uses the following codes for VAT: T0 – zero rate VAT T1 – standard rate VAT T2 – exempt (eg. stamps, insurance, aire fares, bank charges, financial services T4 – EC Sales T5 – lower rate VAT (eg. electricity, gas, women’s sanitary products) T9 – not involving VAT/outside scope of VAT (eg. suppliers that [read more] |
