Stripe has a feature to calculate how much tax is owed, I had assumed after enabling this it would be automatic but unfortunately seems like it isn't and that there is another step.

How can I set up this with Invision so that Stripe automatically calculates how much VAT/tax is owed?

Looks like I need to add this code somewhere but not sure where:

automatic_tax[enabled]=true.





Is there a space somewhere in the Invision settings to put this?

Many thanks in advance.

You cant in terms of setting up stripe to do it. In order to add tax to an item, you would add it in the tax section on invision to calculate, not on stripe

 

You cant in terms of setting up stripe to do it. In order to add tax to an item, you would add it in the tax section on invision to calculate, not on stripe

I have tax set up in invision so the invoices themselves show the amount of VAT in the transaction and our VAT number etc.

But how can I get Stripe to calculate the amount of VAT / TAX we owe, so that we can calculate it and file and pay the correct tax.

Or are you suggesting that invision never implemented the Stripe API properly and the only way for me to calculate the amount of VAT to pay is to manually sift through all of our thousands of invision invoices with a calculator and manually add them up each quarter?

 

you would add it in the tax section on invision to calculate, not on stripe

Or there is a way for invison to automatically calculate it? And I am just missing the bit? Please can you point me in the direction of where I can find this? many thanks 🙏

Edited February 25Feb 25 by ekforum

We send only a value to stripe. Its not a case of it not being set up correctly. More a case of it not being set up how you would prefer. There isnt a way of doing what you are looking to do currently

 

We send only a value to stripe. Its not a case of it not being set up correctly. More a case of it not being set up how you would prefer. There isnt a way of doing what you are looking to do currently

So to confirm, there is no way to automatically calculate how much VAT is due?

How do businesses that supply consumers in EU and UK calculate their VAT liability?

To me it seems so crazy that there isn't a way to do a basic business need, especially as there is a way to easily integrate it into Stripe so that Stripe can calculate it, but this API bit has been missed out.

 

You cant in terms of setting up stripe to do it. In order to add tax to an item, you would add it in the tax section on invision to calculate, not on stripe

You mentioned previously that there was a way to see / calculate the total amount of VAT owed within invision software itself?

Your (invision) customers buy your software and then sell subscriptions on that software. Those that hit the thresholds or who are selling from outside the UK/EU (such as businesses within the US) have a legal responsibility to collect and remit VAT to UK/EU if they are selling to consumers in these locations.

Calculating the amount of VAT should be part of the software within invision, or at least implement the API so that Stripe can do the calculations. Otherwise how can large companies work with invision? Especially as there are a growing number of other software alternatives within the market place, one of which software actually does implement the API fully and care about their customers.

I pay a lot of money to invision, who host my forum, but I feel that you aren't looking at the needs of your customers. Calculating VAT should in my mind be something that is does simply and easily, I can not even integrate any of the Stripe 3rd part software options because invison doesn't oimpliemnt the Stripe tax API part.

Are there any report features within invasion software that can be used to calculate the tax liability based on the amount of VAT on invoices? Or do you have any suggestions on how to solve this customer?

Has there not even any of your other customers who have ever faced this issue? Or none of your customers are doing business legally or have hit the VAT thresholds?

Not checking the UK VAT numbers, is one thing I could try to work around by creating those invoices manually and accepting bank transfer only on them and submitting those separately to my accountant. But submitting thousands of invoices everyday and manually calculating the VAT doesn't make any sense.

This whole issue around VAT is so much stress. For something that should be done.

:(((((((

Edited February 25Feb 25 by ekforum

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