The tax treatment area (within the 'Details' tab) is where you decide how each of the taxes you have set up in 'Business Settings | Tax' will apply to a product.
For more information about setting up tax, go to Setting Up Tax.
The names of the all taxes you have set up in 'Business Settings | Tax' will be listed in the 'Tax Name' column.
The options in the 'Tax Rate' drop down are as follows:
|
Option |
Meaning |
|
Taxable - i.e. the name of a tax is shown. |
The product will incur this tax when ordered. Customers online can be exempted from paying this tax, either automatically based on their location, or manually by selecting a box. For more information, go to Setting Up Tax. |
|
Zero-rated |
This product incurs the tax, but at a rate of 0.00% |
|
Exempt |
The product is exempt from incurring this tax. |
|
Custom |
This option allows you to enter the amount of tax to be charged as an actual cost, rather than as a percentage of the product price. You can enter this charge in the 'Custom Tax' box to the right when it becomes active. |