What it does
Just tell it whether your amount already includes VAT or not. You get the VAT amount, net amount, and gross total using the rate you set.
Tax and VAT
Add VAT to a net price or pull it out of a tax-inclusive total — with clear breakdowns either way.
Just tell it whether your amount already includes VAT or not. You get the VAT amount, net amount, and gross total using the rate you set.
Exclusive mode: VAT = net x rate, gross = net + VAT. Inclusive mode: net = gross / (1 + rate), VAT = gross - net.