VAT – Taxation method defaults to Ship To
To support the most common needs of VAT-enabled organizations, iMIS now ships and upgrades systems to use the Tax on option Ship To / Recipient, which bases tax calculations on the contact record who is receiving the item and the country of the shipping address. If you change the method to Bill To, all future upgrades of iMIS will preserve your choice.
VAT support for Sum of Component Kits
When you create a Sum of components product kit in iMIS Desktop, all pricing is based on the sum of the individual components of the kit, rather than the kit itself. This supports a mixture of tax rates, which can help you to meet requirements for VAT. If you have VAT enabled, note these features:
■ When you order a Sum of components product kit in Desktop, iMIS comprehensively manages all VAT taxes, transactions, and GL entries based on each of those individual kit components.
■ In iMIS web views, the product kits that are priced as Sum of components generate VAT-correct order lines upon purchase, including any tax authority overrides defined for components of the kit.
■ You can override the pricing of one or more items within the kit, and you can override the tax code of individual items as well. To make a kit item non-taxable, for example, you can override the item's tax code to one that you have set to a zero rate. This flexibility supports complex tax situations, which can help you to meet VAT requirements. These overrides work for kit products across iPart-based sites, the Public view and WCM sites, and Desktop.