Taxation
If VAT (Sales Tax) does not apply,
set rate to 0.
Where VAT (Sales Tax) applies, set
the tax rate as 0% but the inclusive rate as required eg. 5%.
If VAT is shown as a Tax rate (see
above), then the VAT will be added to the value of the invoice.
Class provides
"merge" fields for both the inclusive VAT value and rate.
The invoice will
show the total value (including VAT) and a separate column will show the VAT
amount/rate, if required.
Note: The VAT (Sales Tax)
amount will be extracted (in total) from the posted sales value. VAT (Sales Tax)
in the above example is not recorded separately.
This is an
unusual treatment for a language school, as values are normally shown inclusive
of VAT (Sales Tax).
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