VAT code for invoice from not VAT registered company

VAT code for invoice from not VAT registered...

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Could you please tell me what VAT code should be used for purchase invoice received from not VAT registered company? The invoice is for services which are normally standard VAT rated. The company which received the invoice is VAT registered.

Thank you.

Replies (5)

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By maxmc2
22nd Oct 2014 17:32

Im guessing

you are looking for the "N" code (not registered)

Thanks (1)
Replying to Jholm:
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By Madi
22nd Oct 2014 18:58

N code?

maxmc2 wrote:

you are looking for the "N" code (not registered)

I'm not sure what the N code is. I can only choose between T0, T1, T2 and T9.

Thanks (0)
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By GWiz
24th Oct 2014 16:21

T9 coded transaction will by default be omitted from the Sage VAT return report. But at the same time, it's not a T0 transaction either. You could create a new T code for this purpose and tick it in the Sage options to enable it to be included in the reports.

 

Other threads on this subject ...

Non VAT registered businesses

https://www.accountingweb.co.uk/anyanswers/non-vat-registered-businesses

T0 or T9 in my SAGE entry?

https://www.accountingweb.co.uk/anyanswers/t0-or-t9-my-sage-entry

Thanks (1)
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By RFL H
24th Oct 2014 17:56

I think it is T0

You want to include it in your Box 7 number and using T0 will achieve that without affecting your Box 3 number.

Thanks (1)
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By MaureenW
25th Oct 2014 09:17

Zero

You treat it as zero rated. So T0 is SAGE, Z in Quick books.

Thanks (1)