Even if you don’t need to use all of the tax codes all of the time, you probably need some of them sometimes. For those times:
T0: Zero-rated. VAT is not payable on zero-rated supplies. Examples of this include books, children’s clothes and some items of food.
T1: Standard rate. Currently 20 per cent.
T2: Exempt from VAT. For example, postage stamps.
T4: Sales to customers in the European Union (EU).
T5: Lower-rate VAT, usually 5 per cent. Applies to the purchase of energy-saving materials and, for example, reclaiming VAT on DIY building work.
T7: Zero-rated purchases from suppliers in the EU.
T8: Standard-rated purchases from suppliers in the EU.
T9: Transactions not involving VAT. For example, wages.
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Source:http://www.dummies.com/how-to/content/knowing-your-uk-tax-codes.html
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