Need to apply two tax rates

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11 years 7 months ago #134838

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I have customer who needs to apply an insurance tax of 5% on some of his products, in addition to VAT at 20%. I've set up a new tax rule, but it looks like you can only select the default OR the insurance tax rule.

How do I set up certain product to attract Insurance Tax

Please advise

Regards

Jon

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11 years 7 months ago #134870

You need to turn on the "cumulative" option in each tax rule and you will get both at the same time.

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11 years 7 months ago #134900

Hi Guys,

Thanks for that.

We are almost there.

Please see attached.

The Marquee needs the Insurance tax (which works) and the power socket needs VAT (which works). But I need to have the Marquee to be subject to VAT as well.

Many Thanks

Jon

Attachments:

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11 years 7 months ago #134979

Hi,

You can maybe adjust the Insurance tax rate to include the VAT rate inside.

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11 years 7 months ago #134996

Hi,

I can fix the rate at 26%, which would provide the right calculation, but I'm not sure how it would work from an accountancy viewpoint

Thanks anyway

Regards

Jon

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