Include a VAT margin option
On used goods in the UK, some goods can be taxed on the profit only. This is called the VAT margin scheme where say a business buys a good for £100 and sells it for £170 the VAT tax is calculated on the £70 and not the £170. It would be great to see this option as it would stop the need for manual tax calculations. Most of my goods are VAT margin.
itekiphones
shared this idea
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partfect
commented
Yes, please! This would save so much time! It would also be nice, for VAT MARGIN SCHEME purposes, to be able to track serial numbers and see them in our reports.
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Fran
commented
Yeah we desperately need this aswel
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jonathan
commented
Defo would make life easier
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Louis Brennan
commented
It's the same in Ireland. I have no solution to calculating it either and as we are starting to stock more and more pre-owned phones. I may have to look at an alternative software
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liam
commented
I agree this needs to be implemented. Anyone have a work around for now?