ShopIntegrator Shopping Cart Announces Multi-rate Tax Provision and VAT Invoice Generation

ShopIntegrator ecommerce upgrades its shopping cart with helpful ecommerce additions. Its multi-rate tax band supports merchants selling goods with assorted tax rates and its VAT invoice creation offers invoices with integrated shipping label.
 
HARPENDEN, U.K. - May 8, 2013 - PRLog -- ShopIntegrator’s hosted ecommerce offers a mobile, tablet and desktop friendly shopping cart and checkout solution for online businesses. McAfee Secure, easy to integrate, and straightforward to use, ShopIntegrator’s cost-effective add-in ecommerce buttons and ecommerce widgets can turn any website into an online shop in just minutes.

Whether selling digital downloads like music and audio tracks, software or PDF e-books, deliverable material goods or customisable products, small to medium businesses (SME’s) can benefit from ShopIntegrator’s PCI compliant shopping cart for their web shop.  ShopIntegrator’s simple and efficient copy and paste technique means it integrates seamlessly with Content Management Systems like Drupal, WordPress and DotNetNuke as well as DIY Site builders  such as Weebly, Webnode, BaseKit, Moonfruit, Yola, Vistaprint and 1&1 MyWebsite. And, unlike some of the more basic shopping carts found on many DIY Site builders, ShopIntegrator offers merchants a choice of leading payment processors to connect to including PayPal, CardSave, SagePage and eWAY.

ShopIntegrator’s new ecommerce features offer merchants the latest management tools to help in the smooth running of VAT invoice generation and provision of multi-rate tax bands for goods with mixed rates of tax. A VAT invoice must be provided by any businesses registered for VAT selling goods and services to someone also registered for VAT. Businesses of all sizes need to ensure that they fully grasp the fundamentals of VAT (Value Added Tax) invoicing.

VAT can be complex but understanding and employing the mandatory rules and regulations required by HMRC is vital.  In the UK HMRC insists that VAT invoices contains specific information, for example every item on the invoice must include unit price excluding VAT, rate of VAT applicable to the item being sold, quantity of items, the rate of any cash discount and the total amount of VAT charged for each tax rate. Furthermore invoices must provide invoice date, description of goods supplied, customers name and address, sellers name, address and VAT registration number and a unique invoice number.

Utilising available management tools can help streamline core business transactions in areas such as order processing and invoicing. ShopIntegrator’s new VAT compatible invoice creation http://www.shopintegrator.com/feature/online-shop-custome...   enables sellers to use the Order Manager to print off an A4 VAT invoice with integrated peel-off shipping label. It also provides customers with a VAT invoice web page that can be printed and once payment has been completed, a VAT email receipt.

ShopIntegrator’s VAT invoice generation feature offers merchants the ability to produce multifunctional documents with integrated shipping address labels, enabling merchants to simplify and speed up invoicing and order processing.  Being able to print orders with integrated shipping labels together with invoices prevents mistakes like processing the wrong paperwork with customers’ goods and enables merchants to handle growing numbers of customer orders by streamlining and expediting essential processes.

In addition ShopIntegrator has also introduced a Multi-rate Tax Band function http://www.shopintegrator.com/feature/shopping-cart-tax-c.... This invaluable ecommerce feature is perfect for merchants selling goods with varied tax rates. Merchants are now able to set up multiple tax rate bands so products with differing rates of tax can be charged the correct rate. The UK’s HMRC attaches distinct rates of VAT for different goods and services. Currently companies in the UK that are registered for VAT  charge the standard rate of 20% on all goods or services with the exception of those that are exempt from VAT or that fall into the reduced rate of 5% or the zero rate tax band. This is where the goods or services are taxable but the VAT rate is 0%.

ShopIntegrator’s Multi-rate Tax Band feature enables merchants to sell mixed packs containing products with different VAT rates, for example a merchant selling a combination of a child’s car seat together with an in-car DVD player. Such a package contains items with different rates of VAT. The child’s car seat is taxable at the reduced rate of 5% VAT and the in-car DVD player is taxable at the standard rate. As a general rule the HMRC would require the total consideration of the package apportioned to reflect the differing rates of VAT.

For further information on ShopIntegrator and to find out more about its 30 day free trial visit http://www.shopintegrator.com/freetrial/free-ecommerce-pl...

ShopIntegrator's e-commerce/m-commerce shopping cart solution offers smaller merchants a secure, powerful and easy to use solution for selling digital downloads, deliverable products and personalized products. ShopIntegrator is both PCI Compliant and McAfee secure.

With ShopIntegrator there is no need to change the current web host and no software to install. ShopIntegrator can be used with most website builders such as Weebly, BaseKit, Moonfruit, 1&1 MyWebsite, Yola, Webnode, Vistaprint and more and works with stand-alone HTML web templates. ShopIntegrator also has specific e-commerce add-ins for many of the popular Content Management Systems (CMS) such as DotNetNuke (DNN), WordPress and Drupal.
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