In the preferences tab, one of the options that you can change is to see the prices as including VAT or excluding VAT. In this article, we'll explain the details of this setting.
Showing the price as including or excluding VAT depends on the choice of the online retailers and the market. However, to make the price comparison accurate, the comparison should be under one type as either including VAT or excluding VAT. With Prisync’s VAT calculation module, you can see the all prices as including VAT or excluding VAT in the dashboard and in the reports even if some sites show the price as excluding VAT while the others show including VAT.
Let’s take a look at two different examples from two different online stores below:
- http://www.dawkes.co.uk/denis+wick+trumpet+or+cornet+mute+-+straight+mute.dm?catno=amu001 (left image)
- http://www.gear4music.com/Woodwind-Brass-Strings/Denis-Wick-Straight-Eb-Trumpet-Eb-Cornet-Mute-All-Aluminium/13P0 (right image)
As you can see, these two sites show the price as including VAT with a VAT rate of 20%. And here is the dashboard view for these prices:
Now, if I change the VAT settings from including to excluding :
Then, the prices are calculated again according to these settings and shown as excluding VAT like:
As a result, regardless of how the sites show the prices in terms of VAT settings, you can see the prices just like you want in your Prisync account thanks to our VAT calculation module.