VAT Share of Gross Sales
This section only shows the paid VAT as a share of the gross sales. In the UK the vat is only 20% when calculated from the net price.
Net Price = 100€
VAT (Germany) = 19%
Gross Price = 100€ * 1,19 = 119€
VAT that has to be paid = 19€
If there are no other reductions, eg. through promotions, the gross sales will be 119€ in total.
--> the VAT share of Gross Sales = 19€ / 119€ = 16%
Option to Change the Tax Rate under My Costs
If required, the tax rate can be changed under My Costs: