Sage VAT codes | AccountingWEB

Sage VAT codes

Looking at the codes used within Sage and the effect of Mr Darling's announcements yesterday. Currently T1 is the default code for standard rated sales. Are users:-

1) going to change this to 15% from Monday and over-ride the VAT amount for any late invoices OR
2) are users using a spare code (eg: T3) for the temporary 15% rate.

If option 2 is selected how do you get the EC codes T4 and T8 to use the new code for calculating the notional tax.
M T Thorts

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