Sage 50 Accounts

Welcome to the Sage 50 Accounts UKI Support Group on Community Hub! Available 24/7, the forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.

SAGE VAT code for vatable business entertaining expenses - gross amount and 0 VAT but to T1??

Posted By Former_Member over 9 years ago

Hi there, please can you advise what SAGE VAT code you use for business entertaing expenses, for example, a client dinner. This is a vatable expense, although for HMRC purposes the input VAT element is irrecoverable. My question is do you post the gross expense and 0 vat to the T1 code or do you use a different code?

Many thanks in advance.

Paul Morgan over 9 years ago

Hi Louisa,

VAT on business entertaining expenses can range from VATable to VAT exempt or Zero-rated VAT.

For full information about the UK VAT settings and tax codes in Sage Accounts, please read article 11217:

support.sage.co.uk/default.aspx

If you're not sure which tax code to use for a transaction, please refer to article 14435 - Tax code trouble shooter:

support.sage.co.uk/default.aspx
Cancel
Vote Up 0 Vote Down

Sign in to reply

Cancel
Former_Member over 9 years ago

Thanks Paul, that is helpful and indeed confirms what I had thought. i.e. if the expenses is vatable (as is the case here) then the correct code to use is infact T1 albeit with 0 vat as this element is not recoverable from HMRC
Cancel
Vote Up 0 Vote Down

Sign in to reply

Cancel

Sage 50 Accounts

SAGE VAT code for vatable business entertaining expenses - gross amount and 0 VAT but to T1??

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING