From: "Chris Howe" <[EMAIL PROTECTED]> > --- Iain Fogg <[EMAIL PROTECTED]> wrote: > > things with the current implementation, the only > > hassle being that I > > have to store all my prices ex-tax - this is > > slightly painful because my > > suppliers generally provide inc-tax prices and I > > have to reach for my > > calculator :-) > > > > Cheers, Iain > > > > Then that should be a simple change to the purchase > order services so that you're entering pricing inc-tax > and it's storing prices ex-tax + storing an adjustment > for tax
Chris, This is not only a matter of PO : in retail people use to think in gross prices. BTW in France receipts of large retailers (supermarkets) do not show ex-tax prices nor VAT only gross prices. This rules are specific to each EU countries as specified in http://ec.europa.eu/taxation_customs/taxation/vat/traders/invoicing_rules/article_1733_en.htm#1.4.3 To see ex-tax prices and VAT you need to ask for an invoice. In this case VAT is calculated as explained Jacopo here http://www.nabble.com/Users---tax-functionality-tf1428622.html. And must be in compliance with http://ec.europa.eu/taxation_customs/taxation/vat/traders/invoicing_rules/article_1733_en.htm#1.4.1 In practice there are often only items gross prices (should be ex-tax prices), a total VAT by rate applied and rate applied, and a (grand) total. I hope it's clear Jacques
