Request To Support Profit Margin Based VAT calculation For Cin7 Core

Shane Colombage

Support for the UK Margin Scheme VAT calculation in Cin7 Core. Our VAT is applied at 20% on the profit margin (Sale Price – Purchase Cost), rather than on the full sale price. 

Cin7 Core currently does not support margin-based VAT calculations, which we require for compliance with UK VAT rules for second-hand goods.

Cin7 Core should support the UK Margin Scheme by automatically calculating VAT at 20% on the profit margin only, in line with UK VAT requirements for second-hand goods.

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