In terms of engine wear, 5W-40 T&SUV will likely be a fine choice in the 2.0T. In terms of prolonging longevity of the emissions control components, it may be a less than ideal choice. I'm not exactly sure how the emissions control system between the Euro and US version of the 2.0T differs, but the Euro version requires a low SAPS oil (VW 504 -- all are 5w30 with HTHS=/>3.5) for maximum emission control and emission control systems longevity.
M1 T&SUV 5W-40 does not appear to exceed any limits stipulated by VW 502, but without seeing the actual test sequence results you can't know for sure. I have no concerns regarding the use of M1 T&SUV in older VW/Audi engines that require VW 500, 502 or 505 oil. As for using this oil in the 2.0T, I'm not sure if I'd do it without informing myself about the emissions control components and their specific requirements.