Timeline for Calculate order discount correctly when Tax is set per unit?
Current License: CC BY-SA 4.0
9 events
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| Oct 10, 2018 at 11:05 | comment | added | YodasMyDad | This answer has actually raised a more difficult question for me, see this money.stackexchange.com/questions/100857/… | |
| Oct 9, 2018 at 15:10 | comment | added | Daniel | @Mike Scott: The link is a product manual stating nothing about tax law. As I said, I Am Not A Lawyer, and also not from the UK. This is how I saw it implemented usually - and it has some advantages in total tax amount if your subscribe to the rounding up rule at least. | |
| Oct 9, 2018 at 15:03 | comment | added | Mike Scott | Did you read the link in the question? It states clearly that (at least in the UK) VAT may be calculated based on either the individual line items or on the total, as long as you’re consistent in always using one of those approaches. | |
| Oct 9, 2018 at 14:58 | vote | accept | YodasMyDad | ||
| Oct 9, 2018 at 14:56 | history | edited | Daniel | CC BY-SA 4.0 |
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| Oct 9, 2018 at 14:49 | history | edited | Daniel | CC BY-SA 4.0 |
added 171 characters in body
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| Oct 9, 2018 at 14:44 | comment | added | Daniel | @leen3o As I wrote, you make one sum per tax level. You can see this in any German supermarket where wh have 7% on groceries, but 19% on "Luxury-items" such as sweets or alcohol and non-food. Often they just put an A and B behind each item and then sum A and B at the bottom with respective tax. | |
| Oct 9, 2018 at 14:33 | comment | added | YodasMyDad | Really appreciate you taking the time to reply :) "VAT is always to be calculated on the total sum of an invoice"... The issue here is you can have line items that are either VAT exempt or have reduced VAT (10%)? So how would you work that out on the total? This is why it's done at the line item level in the example in the link. I couldn't see any other way around it. | |
| Oct 9, 2018 at 11:54 | history | answered | Daniel | CC BY-SA 4.0 |