Sage VAT codes
sarahwilson
Registered Posts: 551 Epic contributor 🐘
in Off-topic
I'm having a total mental block today (that bodes well for this afternoon!!)
I;ve obviously got T1 set to 15% VAT in Sage and set T10 to 17.5% VAT. My question is if I am inputting Novembers purchase ledger still should I pick up T1 and overwrite it or T10?
I;ve obviously got T1 set to 15% VAT in Sage and set T10 to 17.5% VAT. My question is if I am inputting Novembers purchase ledger still should I pick up T1 and overwrite it or T10?
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Comments
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Sarah,
They will have charged out VAT at 17.5% either way would work, but as you have created a new VAT code why not use it? As long as it will be included on the VAT 100.
Gather you have an exam this afternoon - henece the mental block, sure will have been fine!0 -
Thanks Jan, thankfully the mental block just extended to my normal daily tasks like work, remembering petrol and not tripping over!!0
