Setting up tax
Turn on VAT, GST, or sales tax, set your rate and defaults, and tell ImportOps how your prices are quoted, so margins can show net of tax.
Turning tax on lets ImportOps show an indicative net margin alongside the gross margin on every vehicle, so the profit you see reflects the tax you actually keep. These figures are guidance for pricing decisions, not a tax return.
Before you start
- You need to be an admin.
- You're on Settings → Tax.
Turn tax on
Flip Tax registered on. When it is off, margins show as they do today with no tax adjustment. When it is on, the app shows an indicative net margin after your tax.
The settings
- Tax name: what your tax is called, for example VAT, GST, GST/HST, or Sales tax. This name is used everywhere tax appears in the app, so set it to whatever your business uses.
- Standard rate: your headline rate as a percentage.
- Displayed prices: whether the prices you enter already include tax (common in the UK, Europe, Australia, and New Zealand) or are quoted before tax with tax added on top (common in the US and Canada). This matters: when prices include tax, part of each sale is tax you account for, so it is taken out of the net margin.
- Input tax reclaimable: on where you can reclaim the tax you pay on costs (VAT and GST), off for sales tax that you simply collect and pass on. See the note below.
- Default scheme for new vehicles: the scheme applied to vehicles unless you change it on a vehicle. See Tax schemes for a vehicle.
Quick presets
The buttons under the details fill in sensible values fast:
- Apply [your country] defaults: sets the name, rate, pricing, and scheme typical for your country.
- VAT / GST style and Sales-tax style: switch the pricing and reclaim settings in one click if you want to start from a common shape and adjust.
You can always fine-tune any field afterwards.
Sales-tax regions (for example the US)
Where tax on your sales is collected from the buyer and is not reclaimable, it does not change your resale margins. In that case the Tax page shows a short explanation and there is nothing to set up: your margins already reflect your true position. If you ever need to record settings manually, there is a link to do so.
After you save
If you have existing vehicles, you will be asked whether to apply tax to them or carry on from now on. See Applying tax to existing vehicles.