Linnworks Order Management and Stock Control system can automatically recalculate applicable order tax. The system is capable to calculate tax as:
Inclusive tax is the tax which is already incorporated into the final advertising cost of a product. For example if you sell the product for €100 and the tax rate of 25% is already included in the price the actual cost of the product without tax is €80 for which you charge 25% (€80 * 0.25 = €20) tax yielding final cost of the product €100.
Exclusive tax means your product selling prices do not include tax and you add the tax on top of the product cost at the point of sale.
All orders downloaded from a channel (Amazon, eBay, PlayTrade or a website) assume inclusive tax (meaning you already included tax at the point of sale).
For direct orders you can set the system to calculate tax as inclusive or exclusive.
To configure Linnworks Order Management and Stock Control system to calculate tax for orders:
To overwrite tax rate for each product individually:
Order Book > Open Orders > Right click on selected order > View > View Order
Settings > Template Designer > Drag Order Items onto template > Double Click > Summary
You can choose and adjust different variables such as Subtotal, Tax, Postage Costs Excluding Tax for summary fields, as well as change positioning of each field.
If you have set default tax rate in Settings > Order Book Settings > Tax Calculation, the tax fields will be visible on the New Order/Edit Order screen and the tax will be recalculated when you make changes to the order details.