Prices with VAT in, books with VAT out
Mark a price list as VAT-inclusive and every line priced from it carries the VAT inside the price. Axon Suite takes the VAT out at each line’s own rate, and the document keeps its price terms from quote to order to invoice.
- List price, VAT included
- 115.00
- VAT rate on the line
- 15%
- Net
- 100.00
- VAT
- 15.00
Goes through · The customer pays 115.00; the books show 100.00 plus 15.00 VAT
How VAT-inclusive pricing works
Mark the list
Set the price list to VAT included.
Price the document
The first time a document is priced it takes the list’s terms, inclusive or not, and keeps them.
VAT comes out
Each line’s net is its price less the VAT its own tax rate contains.
Terms travel
An order from a quote, and an invoice or return drawn from another document, keep that document’s terms.
Details that matter
Lists and documents can differ
An inclusive list on an exclusive document, or the reverse, is converted to the document’s terms line by line.
Each line at its own rate
Lines at different rates, zero-rated ones included, each have their own VAT taken out.
Discounts off what is paid
A line discount stated as an amount comes off the VAT-inclusive total the customer sees.
Questions buyers ask
Can one customer buy VAT-inclusive and another not?
Yes. Give each their own price list, one marked VAT-inclusive and one not.
If the list changes terms later, do open documents change?
No. A document keeps the terms it was first priced with.
Does it work on purchase lists?
Yes. A purchase price list can be VAT-inclusive too, and the VAT is taken out of the cost the same way.