Accounting Ideas

Partial Exempt VAT Codes

I operate VAT in a partial exempt mode but there is no availability to categorise either input or ouput tax by partially exempt codes to enable the end of quarter calculations to be carried out. My previous version of Sage had codes T6 and T13 set up to resolve this problem

  • Guest
  • Jul 18 2021
  • One For The Future
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  • Guest commented
    7 Feb, 2022 08:07am

    I would very much like a code for partial exemption. That way, it is easy to see on the VAT return, what the partial exemption VAT amount is each month/quarter. Using analysis codes, as suggested to my by a Sage consultant, is less efficient as a report has to be run off especially.