VAT on web sales - mixed Eu/non-Eu + postage
Question asked by Richard Newstead 7 years ago
I run an online business. Our customers are all over the world. We collect payment by card through several sources. They transfer the money to us (minus their handling fee). Those receipts include an element of VAT. That element is not 20% due to postage and non-Eu sales. The accurate breakdown is done monthly from the webstore system. In the meantime I would like the VAT accrual on Clear Books dashboard to be a bit more accurate. To do this I need to be able to set a notional VAT rate of something less than 20% on the transfers from the card companies. This would be corrected monthly using the accurate figures from the store. Any ideas on how to "fudge" a solution?.