Sage 50 Tax Codes Guide – Post Brexit
Your essential guide to post Brexit Sage 50 Tax Codes
Since the UK’s withdrawal from the EU, imports and exports now have to be treated the same for VAT purposes, no matter their destination or origin. Which means that this now affects how you enter these transactions in Sage 50 Accounts.
There’s a lot of information to digest when it comes to understanding which tax codes to use in Sage 50 (UK only) for EU and non-EU imports and exports, so what we’ve done here is put together a simple and easy guide of the tax codes to use from 1st January 2021.
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