SAGE TAX CODES FOR US INCOME FROM ONLINE SALES TO A UK BANK ACCOUNT
The company I work for sells it's products to the US through two websites. The US website pays the receipts into the US based bank but I record this on my UK Sage accounts system for now until we set up a Sage US company. The other website sells to the US but the receipts are changed form $ to £ and paid into a GBP uk based bank account. I am recording these receipts into the UK bank account on sage.
My question is, which is the best tax code on sage to use when posting these receipts to the UK Company Accounts as this is all income/revenue for the company US company until we separate it. If I use T9 it doesn't go onto the Vat return and If I used TO it does but do I want it there because it's basically US revenue ! Confused !
My question is, which is the best tax code on sage to use when posting these receipts to the UK Company Accounts as this is all income/revenue for the company US company until we separate it. If I use T9 it doesn't go onto the Vat return and If I used TO it does but do I want it there because it's basically US revenue ! Confused !
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Comments
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GJules - I am in a similar situation. Did you ever find someone that could help you? Would you be willing to help me? I'd like to ask a few questions. Please Skype at: jujublanford0
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Well, can you help me?
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Will do!0
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