TRADACOMS Reference
TRADACOMSCode lists › List 12

Code List 12: VAT Rate Category Code

Used in data element VATC. Appears in CREDIT, INVOIC, PROINF, UTLBIL, UVATLR and VATTLR messages, in segments CLD, CST, ILD, STL, PRD, VRS, VAT and VTS..

CodeMeaning
AMixed VAT rate item
EExport item
FFree export item, VAT charged
GFree export item, VAT not charged
HHigher rate
IImport item
JHigher rated free goods, VAT charged
KHigher rated free goods, VAT not charged
LLower rate
NInput Tax paid but not reclaimable
OServices outside the scope of VAT
RReconciliation - Invoice raised for VAT only
SStandard rate
TStandard rated free goods, VAT charged
VStandard rated free goods, VAT not charged
WIntracompany transfer - Companies must have same VAT number
XExemption from VAT
ZZero rate For Insurance Industry:
COriginal VAT liability on copy invoices sent to Insurers - VATP would be as charged by the repairer/supplier. Applicable when policy holder is VAT registered.
DInsurance Premium Tax
PCredit Line payments which will be due to the Policy Holder or Insurer to settle - always deducted from the invoice value. For Utility Supply (Withdrawn Bills):
BStandard rate in withdrawn bill
MLower rate in withdrawn bill
QZero rate in withdrawn bill
UExemption from VAT in withdrawn bill

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