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.

Example:

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:

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