E-Business Tax (MOSC)

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How to handle items with different tax rates - depending on components

edited Apr 24, 2015 5:35AM in E-Business Tax (MOSC) 7 commentsAnswered

Client has an interesting business requirements.

Is buying (medical) baskets with various components. purchased from supplier as 1 item. However, the components could be eligible for high VAT or low VAT.

Example

Item 123   Price EUR 100

On 60 EUR we should charge   21% VAT

On 40 EUR we should charge 6% VAT

Can I use Compounding / Group tax for this? I am very much in doubt as it seems a lot of configurations and components of the tray's differ per year ... and as such the VAT ratio as well.

I am also not sure how this would affect my tax reports.

Alternative is to split the item into 2 items (like a Bill of Material or Kit) while having the possibility to charge VAT on the components. In this case the 2 items need to be used together - linked - , and used on PO and AP Invoice as 2 items.

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