HomeHome Product Discus... Product Discus...SmithCartSmithCarthow to configure VAT using Europe tax regulations?how to configure VAT using Europe tax regulations?
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3/23/2011 8:38 AM
 

Hi,

We are trialing Smith cart (after 3 other DNN carts!) and is looking great so far.

A very important issue that we can't find answers on the forum or manual is how to configure the cart for VAT using the European tax regulations.

The simple option of selecting VAT options does not fit the requirement. The rules are very simple:

- seller must charge VAT if selling to the same country

- seller doesn't charge VAT if selling to a company in another EU country which has a valid VAT ID number (that has to be supplied)

- seller  doesn't charge VAT for sales to a country outside EU zone

The destination country is determined with the bill to address.

How can we configure this? Where to add the field to ask buyer to enter VAT ID number? Or Smith cart is not able to do it at all?

Associated with this, the fact that prices have to be entered with VAT inclusive besides not being practical, makes prices seem higher for customers that are not supposed to pay VAT but may not be immediately aware of it and will only see the real price to pay when billing address is confirmed.

Appreciate your help on this.

Thanks!

 
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3/24/2011 1:48 AM
 
Currently the cart will calculate VAT based on the tax rate entered in the “TaxRate” textbox in the BuyNow module settings using the following formula 
 
VAT($) = Total($) * VAT(%) / (1 + VAT(%))
 
 
Currently the cart doesn't support the Seller not charging VAT if selling to a company in another EU country which has a valid VAT ID number (that has to be supplied). If you would like to sponsor those changes, please send an email to sales@smith-consulting.com.
 
Thanks,
Christian
 
 
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3/28/2011 5:39 PM
 

Hi,

We would like to have  implemented in Smith cart. the required features to comply with the European VAT regulations.

Would anyone be interested in sharing the costs of of sponsoring that development? Please reply to this thread.

 

Thanks, 

 
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