VAT and Tax Settings for POS

Go to Settings → POS → Tax to set your default VAT rate. For most UK businesses, this is 20% (standard rate). If you sell goods at the reduced rate (5%) or zero rate (0%), you can set product-level overrides.

AskBiz POS applies the default rate to all products unless a product has a specific rate assigned. This means you only need to override rates for exceptions — children's clothing (0%), domestic fuel (5%), and so on.

In Settings → POS → Tax, choose how you want to display prices:

• Tax-inclusive (recommended for UK retail) — the price shown on the sale screen includes VAT. A £10.00 product generates £8.33 net + £1.67 VAT.
• Tax-exclusive — the price shown is the net amount. VAT is added at checkout. A £10.00 product becomes £12.00 at the till.

Most UK high-street retailers use tax-inclusive pricing because it matches the price on the shelf. B2B sellers often prefer tax-exclusive. Choose whichever matches your current practice.

To set a different VAT rate on a specific product, open it in /pos/inventory, tap Tax Settings, and select the applicable rate. Common scenarios:

• Zero-rated (0%) — children's clothing, most food items, books, newspapers
• Reduced rate (5%) — domestic fuel, children's car seats, smoking cessation products
• Exempt — insurance, education, health services

AskBiz saves these overrides and applies them automatically during every sale. The receipt and end-of-day reports break down VAT by rate, which is exactly what your accountant needs.

AskBiz POS generates a VAT summary for any date range in /pos/reports → VAT. This shows:

• Total gross sales
• VAT collected, broken down by rate (20%, 5%, 0%)
• Net sales after VAT

You can export this as a CSV or PDF and send it directly to your accountant. If you use QuickBooks or Xero, AskBiz can push POS VAT data to your accounting platform automatically — configure this in Settings → Integrations.