What is the difference between T0 & T9? Therese
therecah
Registered Posts: 1
0
Comments
-
0
-
Assuming codes have been left as default, T0 is exempt, T9 is outside the scope.0
-
I guess you are talking about sage T9 is for exempt from Vat transactions and will not appear on the VAT return, and T0 are zero rated transactions and will appear on the VAT return, I think I am right, if anyone would like to let me know, or correct me0
-
Depending on how you have Sage set up.
T0 is zero rated
T2 is Exempt
T9 is Outside the scope
But you need to check the configuration in Sage to confirm.
Settings>Configuration>Tax Codes5 -
Assuming you are looking at Sage(?), T0 is zero rate and T9 is outside the scope of VAT, T2 is exempt.
https://my.sage.co.uk/public/help/askarticle.aspx?articleid=112175 -
Apologies, NeilH is indeed correct.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership