T24 VAT code on Sage 50

Why are my T24 (EC purchases) appearing in Box 6 (sales ex VAT) of the Sage generated VAT return?

Didn't find your answer?

When going through the detailed version of my VAT return for this quarter, I have found that T24 purchase invoices (standard-rated purchase of Services from suppliers in the EC) are coming through in Box 6 of my sage generated VAT return (total value of sales, excluding VAT).

I checked settings - Configuration - Tax codes, & T24 is linked to EC purchases, services. Which I believe is correct?

So I wanted to confirm firstly if I am correct in thinking that T24 transactions should not be appearing in box 6 (as they are purchase invoices, not sales), and secondly, if they should not be there, what I need to do to ensure future VAT returns on Sage do not include T24 transactions in box 6?

 

 

 

Replies (2)

Please login or register to join the discussion.

.
By Cheshire
17th Apr 2018 12:03

Should also appear elsewhere, see
5.2 notice 741A
https://www.gov.uk/government/publications/vat-notice-741a-place-of-supp...

Thanks (0)
Replying to Cheshire:
avatar
By BexHawker
17th Apr 2018 12:08

Oh I understand, thank you very much!

Thanks (0)