VAT
Your default rate, prices that include VAT, and the margin scheme.
Settings, Tax.
- Default VAT rate. The rate a product falls under unless it has its own. A new shop starts on the standard rate of its country.
- Product prices. Always include VAT. Type every price as the buyer pays it; the invoice works out the VAT inside it.
A product with another rate gets its own VAT rate on the product. For many at once: tick them in Products, then Bulk actions, Assign, VAT rate.
The margin scheme
Cards bought from private people can carry VAT on your margin instead of on the whole price. See margin and stock value.
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