Hi,

When using T17 it'll impact your VAT Return by 

• Purchases - Net amount affects box 7. VAT amount affects boxes 1 and 4. This is notional VAT which cancels itself out.

In Practice data T1 (The Standard Rate code) is still using 17.5% rather than 20% which is why T17 is wrong as it's linked to that code.

I'll ensure that T1 is updated in practice data for the v28 release of Sage Accounts but for now you can edit it by going to Settings > Configurations > Tax Codes > Edit T1 and change rate to 20.00

Ian

Hi,

When using T17 it'll impact your VAT Return by 

• Purchases - Net amount affects box 7. VAT amount affects boxes 1 and 4. This is notional VAT which cancels itself out.

In Practice data T1 (The Standard Rate code) is still using 17.5% rather than 20% which is why T17 is wrong as it's linked to that code.

I'll ensure that T1 is updated in practice data for the v28 release of Sage Accounts but for now you can edit it by going to Settings > Configurations > Tax Codes > Edit T1 and change rate to 20.00

Ian

Thank you Ian.  It does say on the invoice VAT rate 0% so assuming that there is no VAT amount to account for anyway?

Hi,

Yes this is correct, T17 is 0.00 in rate (but links to T1 at 20% to make the vat return correct for box 1 and 4)

Ian

You're a star!  Thanks again.