SageForum for UK versions of Sage 50- Help and support.

Hello

Can you clarify for me please. Using SAGE 50,

1) Is a renewal fee for an overdraft facility T2 Exempt
2) Is bank interest paid on the said overdraft T2 Exempt

Many thanks

The following items do not have VAT charged on them and therefore there is no VAT to reclaim: train tickets, insurance, stamps at a post office, most books, bank charges, interest, salaries, any purchases from a non-VAT registered person or business.

These all should be using the code T2