Re: [ubl-dev] InvoiceLine and VAT inclusive quoted pricing

[Graham Leggett <minfrin@sharp.fm>]

Danny Gaethofs wrote:

> The field : 
> Invoice. Invoice Line. Line Extension Amount. Amount
> 
> It is the total amount for the Invoice Line, including Allowance &
> Charges but *net of taxes*.

I know that, but that doesn't answer my question.

Let me put it another way.

If I have quoted the customer a price for goods including VAT, is it
valid to place the *VAT inclusive* price underneath the price tag, or
does the price always have to exclude taxes?

The reason this matters is rounding - if you take a VAT inclusive price,
take off the tax, then put the tax back on again, you can sometimes not
come back to the number you started with.

Is there a document anywhere that describes how to handle VAT inclusive
pricing anywhere?

Regards,
Graham
--

> ------------------------------------------------------------------------
> *From:* Graham Leggett <minfrin@sharp.fm>
> *To:* ubl-dev@lists.oasis-open.org
> *Sent:* Tuesday, September 29, 2009 2:46:08 AM
> *Subject:* [ubl-dev] InvoiceLine and VAT inclusive quoted pricing
> 
> Hi all,
> 
> I am still trying to get my head around UBL, so please forgive what may
> be a dumb question.
> 
> Under each line of an invoice, it is possible to list both the quantity
> of goods and the price the goods are set at, but I cannot seem to find a
> clear way to express whether the price is quoted including VAT, or
> excluding VAT.
> 
> In certain circumstances, rounding can cause the conversion from a VAT
> inclusive price to a VAT exclusive price and back again to lose enough
> precision that the final quoted price is out.
> 
> How does a UBL invoice handle this case?
> 
> Regards,
> Graham
> --
>

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