Sage T0 vs T9 ?
Discussion
T0 is "Zero Rated"
T2 is "Exempt"
T9 is "Outside the Scope".
All mean "Non-VAT" but there are distinct differences as to what they actually mean in VAT legislation.
T0 and T2 transactions will appear in the VAT return.
T9 items will not appear.
So, dumping everything into T9 is not exactly the right thing to be doing.
T2 is "Exempt"
T9 is "Outside the Scope".
All mean "Non-VAT" but there are distinct differences as to what they actually mean in VAT legislation.
T0 and T2 transactions will appear in the VAT return.
T9 items will not appear.
So, dumping everything into T9 is not exactly the right thing to be doing.
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