VAT TAX CODES

Tax Code

Rate

Description

0

n/a

Outwith the scope of VAT

ZR

0%

Zero rated. i.e taxable at 0%

EX

n/a

Exempt from VAT

IR

n/a

VAT is irrecoverable

RO

5%

Reduced rate outputs i.e. sales

RR

5%

Reduced rate inputs i.e. purchases

PR

20%

Partially recoverable

SO

20%

Standard rated outputs i.e. sales

SI

20%

Standard rated inputs i.e purchases

VO

20%

VAT only invoice

Return to VAT home page

© University of Stirling FK9 4LA Scotland UK • Telephone +44 1786 473171 • Scottish Charity No SC011159
Portal Logon