The below table gives examples of some common VAT rates and the corresponding Union VAT code for sales/purchases of this type. Please check VAT Implications | eActivities article for more information.
Income Codes
| Name | % | Applies to |
|---|---|---|
| S1 - Sales Standard Rated | 20% | Most goods and services - including sales of merchandise, event tickets, membership subscriptions etc. |
| SE - Sales VAT Exempt | N/A | Participation in exempt sporting activity as defined by HMRC in VAT notice 701/45. Service charges at restaurants. |
| S0 - Sales Zero Rated | 0% | Basic food items, books and other printed material. |
| SN - Sales No VAT | N/A | Donations and sales to overseas customers (where goods/services are enjoyed overseas). |
| ST - Sales Trips/Tours (TOMS) | N/A | Any sales of bought-in travel or accommodation, or packages including either. (see article VAT on Trips and Tours) |
Expenditure Codes
| Name | % | Applies to |
|---|---|---|
| P1 - Purchases Standard Rated | 20% | Most goods and services bought in. |
| PE - Purchases VAT Exempt | N/A | Purchases which relate to sales of exempt sporting activity. (e.g. court/pitch hire, instructors, equipment purchase/maintenance etc.) |
| P0 - Purchases Zero Rated | 0% | Basic food items, books and other printed material. |
| PN - Purchases No VAT | N/A | Purchases from suppliers which are not VAT registered or donations to charity. |
| PT - Purchases Trips/Tours (TOMS) | N/A | Purchases of travel or accommodation, or any purchases which relate directly to a trip/tour (see article VAT on Trips and Tours). |
