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