| 01 | Irrecoverable non-business VAT | - when VAT cannot be recovered: on normal administration or programme expenditure eg rent, fuel & utilities, stationery and agency staff
- amount charged will include the VAT element
|
| 02 | Recoverable non-business VAT | - when VAT can be recovered: where contracted out services are covered by the rules
- amount charged will not include the VAT amount
|
| 03 | Out of scope | - Grant in Aid and Grant expenditure, or where the supplier is not VAT registered
|
| 04 | Irrecoverable business VAT | - unlikely to need this code in relation to ACME expenditure
|
| 05 | Recoverable business VAT | - expenditure that relates to business activities reselling goods or services to someone else
- unlikely to need this code in relation to ACME expenditure
|
| 06 | Zero-rated | - expenditure zero-rated by HMRC eg newspapers and books
|
| 07 | VAT Exempt | - expenditure exempted by HMRC
|
