Discussion VAT
How do you calculate the tax base, the total bill and the total amount to be paid.
commodity price - discount = total discounted merchant
+ costs undocumented
= tax base
+ VAT =
total bill
+ costs documented
+ securities for returnable packaging
+ interest for delay Payment
= total charged
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merchant discounts
1) unconditional :
price reductions are not subject to the satisfaction of conditions or circumstances;
example
> promotional discount.
These rebates are deducted in the invoice, and then contribute to determining the tax base
2) Driven:
price reductions occur subject to conditions or circumstances; examples:
> discount for buying in quantities greater than that required;
> discount for prompt cash payment rather than installments.
These discounts can not be deducted from the initial price of the goods when the next issue is whether the condition, in which case the seller must issue a credit note.
Additional charges undocumented
costs incurred by the seller for additional services provided to the buyer at the expense Examples:
> cost for shipping by seller or by the carrier and billed for the seller
> costs for packaging.
These costs contribute to determining the tax base.
Additional costs documented by the vendor
anticipated costs in the name and on behalf of the buyer; examples:
> Labeling costs and / or improved products for operations performed by third parties with invoice to the buyer;
> transport costs by carrier and billed to the buyer;
contribute to determining the "total pay" after the calculation the "total bill"
packaging materials of any kind used to contain and protect the goods and make them more pleasant appearance.
Regarding the cost can be divided into:
> free: they are not charged to the buyer on the invoice as their cost is already included in the price of the product;
> turnover: they are charged on the invoice, are among the "undocumented expenses" and thus help to determine the tax base;
> to make: they must be returned to the seller which is normally required as a guarantee deposit for their refund this deposit determine the "total pay" after calculating the tax base;
> supplied by the customer: it is special packaging in which the customer wants is packed his wares.
Interest on deferred payment
The areas of transactions exempt from VAT and therefore must be included in the bill only after all other operations because their calculation is usually performed on the entire amount to be paid.
Credit memo
adjustment documents are issued by the seller required to transfer amounts over to the buyer.
can be compiled as a result of errors in billing, changes in the conditions of sale or return of goods, discounts or rebates.
The seller has the right to proceed to the calculation of the adjustment of the VAT previously established, but the change in VAT is not compulsory, so he can:
> issue a credit to the buyer without the correct VAT ;
> issue a credit to the buyer with correction dell’IVA (nota di variazione).
