Sales Coding - Services

Assigning the correct VAT code to the sale of Goods & Services is important in assisting the University collect the correct amount of VAT for onward payment to HMRC. In addition, correct coding will avoid disputes with customers, and enable the University Tax Section to accurately prepare the required statutory returns, such as EC Sales Lists.

HMRC will periodically audit the University’s systems, processes and transactions which are used to prepare its VAT returns, and in this respect correct coding will remove the possibility of penalties being imposed or future increased attention from HMRC.

To identify the correct VAT code to use for a particular sale, a number of questions need to be asked and answered.

Following the Sales Income – Services decision tree will assist in arriving at the correct code to be used for the Sale of Services. The scenario can become complicated, particularly when dealing with overseas sales, and therefore if you are in any doubt please do not hesitate to contact the Tax Section.

If you are unsure as to whether or not the country you are supplying your good or service to is within the EU, please use the link below.

HMRC list of EU Countries

Staff

Alan Crowe

     Head of Tax, Pensions and Insurance

  ext. 3023

     a.crowe@qub.ac.uk 

Dympna Stewart

     Tax Officer

  ext. 3073 

     d.stewart@qub.ac.uk