UK VAT rate for EU purchase

#1
Google is not my friend because despite all the pages I can not find the specific piece of information which I need.

Say for example I bought petrol in Germany, how would I record that purchase on SAGE? As T0 or T9? Or something completely different?

Cheers for any help

Krom
 
#3
Twelvety

Sent from my HTC Wildfire S A510e using ARRSE mobile app
 
#4
Kromeriz, I can only tell you how I apply TVA codes, whether you are able to do the same I do not know. My codes in Sage are as follows:

T0 Zero rated transactions Sales outside of EU, Food, Sewage disposal/water, Books pamphlets and brochures, Newspapers, Maps etc..
T1 Standard Rate 19.6% all EU sales
T2 Exempt transactions - 0% Post office postal costs, Insurance, Bank charges, Professional memberships, finance charges
T5 Lower rate e.g. 7% Some foodstuffs, Water supplies, Pay TV and cable TV, Hotel accommodation, Some gas and electricity, Repairing private dwellings completed at least 2 years ago, Window cleaning in private households, Domestic care services, Restaurants
T6 Super Lower rate 5.5% Some pharmaceutical products, Some newspapers, Some periodicals,TV licence
T9 Transactions NOT involving any VAT - Bank Transfers, Salaries, Social Taxes, Insurance claims, Loans, Dividends, Stock Exchange Dealings (though this may change), IVTs, Taxe Foncière/Habitation

If that information is of use - you are welcome
 
#6
Kromeriz, I can only tell you how I apply TVA codes, whether you are able to do the same I do not know. My codes in Sage are as follows:

T0 Zero rated transactions Sales outside of EU, Food, Sewage disposal/water, Books pamphlets and brochures, Newspapers, Maps etc..
T1 Standard Rate 19.6% all EU sales
T2 Exempt transactions - 0% Post office postal costs, Insurance, Bank charges, Professional memberships, finance charges
T5 Lower rate e.g. 7% Some foodstuffs, Water supplies, Pay TV and cable TV, Hotel accommodation, Some gas and electricity, Repairing private dwellings completed at least 2 years ago, Window cleaning in private households, Domestic care services, Restaurants
T6 Super Lower rate 5.5% Some pharmaceutical products, Some newspapers, Some periodicals,TV licence
T9 Transactions NOT involving any VAT - Bank Transfers, Salaries, Social Taxes, Insurance claims, Loans, Dividends, Stock Exchange Dealings (though this may change), IVTs, Taxe Foncière/Habitation

If that information is of use - you are welcome
Thanks for replying

I need help re specific T24 code - I think...
Or on the other hand, when I buy petrol or food etc, what SAGE VaT code do I use?
 
#7
Apologises, just realized you are UK based:

These are the codes a friend uses for her business in Plymouth. These may answer all your problems.

T0 0% Zero Rated – e.g. food, non EC exports
T1 20% Standard rate
T2 0% Exempt – e.g. rent, insurance
T3 17.5% Old standard rate
T4 0% Sales to VAT registered customers in EC
T5 5% Lower rate – domestic fuel
T7 0% EC purchase of Goods (would be zero rated in UK)
T8 0% EC purchase of Goods (would be standard rated in UK)
T9 0% Outside the scope of VAT – e.g. drawings, wages
T20 0% Reverse Charges – e.g. mobile phones, computer chips
T22 0% Sales of Services to EC Customers
T23 0% EC purchase of Services (would be zero rated in UK)
T24 0% EC purchase of Services (would be standard rated in UK)
 
#8
Apologises, just realized you are UK based:

These are the codes a friend uses for her business in Plymouth. These may answer all your problems.

T0 0% Zero Rated – e.g. food, non EC exports
T1 20% Standard rate
T2 0% Exempt – e.g. rent, insurance
T3 17.5% Old standard rate
T4 0% Sales to VAT registered customers in EC
T5 5% Lower rate – domestic fuel
T7 0% EC purchase of Goods (would be zero rated in UK)
T8 0% EC purchase of Goods (would be standard rated in UK)
T9 0% Outside the scope of VAT – e.g. drawings, wages
T20 0% Reverse Charges – e.g. mobile phones, computer chips
T22 0% Sales of Services to EC Customers
T23 0% EC purchase of Services (would be zero rated in UK)
T24 0% EC purchase of Services (would be standard rated in UK)
Hi EMSAV
Have tiny UK company.

Chocs, flowers or wine whenever we will meet? Thanks very much - Now have to go and amend VAT rates for 2012... joy of joys.

Thanks so much for your help

Kromeriz
 

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