VAT Breakdown

[UnitedImperialLimited]

Hi,

 

I'm looking for a way to show UK VAT (20%) on checkout an invoice pages alongside the inclusive price.

 

I'm not looking at the EU VAT module because for various reasons I want to charge all customers the 20% regardless of location. I'm just looking for a way to show on invoices and checkout how much that is for each transaction.

 

Can anyone help or recommend?

 

Thanks.

[brian!]

I'm looking for a way to show UK VAT (20%) on checkout an invoice pages alongside the inclusive price.

doesn't it do that already - whether the tax is exclusive or inclusive... ?

 

 

I'm not looking at the EU VAT module because for various reasons I want to charge all customers the 20% regardless of location. I'm just looking for a way to show on invoices and checkout how much that is for each transaction.

you could setup a worldwide Level 1 tax @ 20% - though you might want to check with your tax authorities or accountant as to whether that would be legal where you are.

[othellotech]

I'm not looking at the EU VAT module because for various reasons I want to charge all customers the 20% regardless of location

The EU VAT module simply brings WHMCS "numbering" systems inline with multiple EU states legilsation on sequential invoices and is for use if _you_ are in the EU, nothing to do with the location of the client (which gets taxed based on your tax rules)

[UnitedImperialLimited]

Thanks for the replies.

 

I perhaps didn't phrase the question very well.

 

I am using the standard tax rules, all states, but to get the right amount of tax showing on checkout an invoices I have to set to 25% rather than 20%.

 

In the UK the VAT is 20% of the net price (forgive me I don't now if that is different from other jurisdictions). So for example on a £100 product including VAT, the VAT included is £20. Setting up a tax rate of 20% however adds only £16.67 - or 20% of £83.33 (not the £100 needed).

 

I tried using the EU VAT addon, but this has the same effect as the above anyway. i.e. it sets the rate payable in EU countries to 20% but calculates as 20% of gross not net.

 

The only alternative I can find for WHMCS to calculate the correct amount of VAT is to change the rate to 25% (the usual multiplier you would use in the UK to go from gross to net). But clearly this then implies at checkout and invoices that I am charging a rate of 25% (not 20%).

 

Is there something I'm missing that I can use to change the tax to 20% of net or perhaps even override the wording of the checkout label?

 

- - - Updated - - -

 

Sorry, here are some screen shots to explain better.

[brian!]

I am using the standard tax rules, all states, but to get the right amount of tax showing on checkout an invoices I have to set to 25% rather than 20%.

In the UK the VAT is 20% of the net price (forgive me I don't now if that is different from other jurisdictions). So for example on a £100 product including VAT, the VAT included is £20. Setting up a tax rate of 20% however adds only £16.67 - or 20% of £83.33 (not the £100 needed).

I think you're getting your maths wrong with this...

if you're selling a product for £100 with VAT included, the VAT will correctly by £16.67... if it helps to think of it the other way and pretend it was exclusive VAT, if the base price of the product is £83.33 and we add 20% VAT to it, the total is £100.00

 

I tried using the EU VAT addon, but this has the same effect as the above anyway. i.e. it sets the rate payable in EU countries to 20% but calculates as 20% of gross not net.

The only alternative I can find for WHMCS to calculate the correct amount of VAT is to change the rate to 25% (the usual multiplier you would use in the UK to go from gross to net). But clearly this then implies at checkout and invoices that I am charging a rate of 25% (not 20%).

Is there something I'm missing that I can use to change the tax to 20% of net or perhaps even override the wording of the checkout label?

hopefully you'll see it's your maths that is at issue here!

 

http://docs.whmcs.com/Tax/VAT#Inclusive.2FExclusive_Tax