Sage 50 Accounts

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VAT code for purchases from outside the EU

Posted By Alison Peck over 8 years ago

I've bought some software (not physical, purely licences for downloads) from the US. The invoice gives a European Union VAT number (beginning EU...) and then a bit further down states "Exempt Number: GBnnnnn" (where nnnn is my VAT number). It's the combination of numbers and terms that are confusing me. Do I use T24 to record as I do for similar purchases from within the EU? Or should it be another code entirely?

Paul Morgan over 8 years ago

Hi Alison,

To check the correct tax code to use for a transaction in Sage Accounts you can use our Tax Code Troubleshooter. This confirms the tax code you should use, whether itâ€s a UK, EU or rest of the world transaction.

To access the Tax Code Troubleshooter please refer to Ask Sage article 14435:

support.sage.co.uk/default.aspx
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Alison Peck over 8 years ago

Thank you - I can see me making good use of this article.
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Sage 50 Accounts

VAT code for purchases from outside the EU

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