|
r4_rick
Original Poster
189 posts
84 months
|
Anyone got an easy way to remember which way around to use these for non vatable stuff, i always forget and more recently just bung everthing without VAT on T9
|
|
|
Eric Mc
67,253 posts
134 months
|
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.
|
|
|
r4_rick
Original Poster
189 posts
84 months
|
Thanks Eric,
So if a supplier has vat rated goods but is under the vat threshold T0 or T9 ?
|
|
|
r4_rick
Original Poster
189 posts
84 months
|
reading your post again it would be T9 ?
|
|
|
Eric Mc
67,253 posts
134 months
|
|
|
r4_rick
Original Poster
189 posts
84 months
|
Thanks Eric, this is going on my notice board !
|
|
Gassing Station | The Pie & Piston | Business
What's New | My Stuff | Top of Page
