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Second Hand VAT Charges
 
Steph_HBPGroup
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Total Posts:  0
Joined:  2013-02-27
 

I have a client who is looking to implement Magento, we currently provide them with an EPOS system so they are asking for advice from us.  They are a jeweller and pawnbroker and therefore sell goods which fall in to the second hand vat rules for sales VAT, where by VAT is only charged on the difference between the cost and selling prices (exclusive of VAT) and not on the total sell price of an item.  Is this something which Magento can manage or is there a plug which would allow them to manage this.
They are wanting to look to extract the information from their accounts solution as they do with their EPOS system which back calculates the VAT charge based on the VAT code applied to it.

 
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