Thanks for the responses, I guess I wasn't clear on my question. If we agree on a price that is subject to VAT, at who's discretion is it that the agreed price is VAT inclusive/exclusive.
ie, the base price is 100 VAT = 10% final price = 110 When two parties agree upon a price, the agreed price can either be 100 VAT exclusive or 110 VAT inclusive, it's the same agreement and the end payment is 110 in both situations. Who says that you have to list each item on an invoice as VAT inclusive? Is it government mandated that prices are promoted as VAT inclusive or is it simply the custom of the marketplace? --- Jacques Le Roux <[EMAIL PROTECTED]> wrote: > Chris, > > Yes it's the same in France (and I think everywhere, > at least in EU) > > Jacques > > > Chris, > > > > It's a government decision. > > > > Some items are exempt, like children's clothes; > books; food (I think) > > most require VAT though. > > > > - Andrew > > > > On Thu, 2006-10-12 at 03:15 -0700, Chris Howe > wrote: > > > Jacques, > > > Thanks for the info. > > > The wikipedia reference says that the price MAY > be > > > inclusive of VAT. At who's discretion is it > > > inclusive? Does the seller choose whether the > agreed > > > upon price is inclusive or does the government > decide? > > > > > > --- Jacques Le Roux > <[EMAIL PROTECTED]> > > > wrote: > > > > > > > Hi Si, > > > > > > > > Thanks for you interest in this > > > > > > > > > Can you post all of this on that JIRA issue > you > > > > created for VAT? > > > > > I'll try to help out when I have a chance. > > > > > > > > OK, done : > > > > http://issues.apache.org/jira/browse/OFBIZ-366 > > > > > > > > > Also same regarding the invoice header > thing--I'll > > > > take a look at it > > > > > later. Can you confirm that Eriks is > right--is a > > > > tax authority Id in > > > > > the bill-to geo really required in EU? > (Funny, > > > > it's the exact > > > > > opposite of the US...) > > > > > > > > Yes Eriks correctly explained the EU rules. > The > > > > Value Added Tax (VAT) ID number applies only > if you > > > > are placing a business order for > > > > a business in the European Union that has a > current > > > > VAT ID. For all other orders, you should leave > this > > > > field blank. So this is a > > > > B2B only rule. Eriks also added the VAT ID of > the > > > > seller. This is right too, both fields are > mandatory > > > > for B2B in EU. In this case > > > > no VAT is charged (VAT Exemption). > > > > > > > > Here is an interesting link explaining simply > (good > > > > examples) how that works : > > > > > > > > http://www.apptranslator.com/blog/2006/03/should-you-charge-vat-to-whom.html > > > > > > > > And last but not least a VAT : Definition, > history, > > > > and more (VAT was invented by a french, sorry > for > > > > that ;o) : > > > > http://en.wikipedia.org/wiki/Value-added_tax > > > > > > > > I put all this also in the Jira VAT issue > (366) > > > > > > > > Jacques > > > > > > > > > > > > > -- > > Kind Regards > > Andrew Sykes <[EMAIL PROTECTED]> > > Sykes Development Ltd > > http://www.sykesdevelopment.com >
