@cmuratori You're missing the problem here.
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Replying to @rygorous
@cmuratori The payment processor cannot compute the VAT amount from a lump sum, nor even an invoice number etc.1 reply 0 retweets 0 likes -
Replying to @rygorous
@cmuratori The VAT under new rules is computed *in the country where the buyer is based*, not the seller.1 reply 0 retweets 0 likes -
Replying to @rygorous
@cmuratori This can't be computed from the charge by the seller. You need an itemized, categorized list of everything in the transaction.1 reply 0 retweets 0 likes -
Replying to @rygorous
@cmuratori What you say is "just let the seller compute it". But that's precisely the problem - the UK selller *does not know* about, say,2 replies 0 retweets 0 likes -
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Replying to @rygorous
@cmuratori You can't fill out a hypothetical "how much of this is tax" field without knowing about the VAT laws at the destination.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous The sender says "this is a purchase wire" and gives the invoice number. The seller gives their bank the manifest.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous When the wire clearing house receives both, they compute the VAT and add it on. Done.1 reply 0 retweets 0 likes
@rygorous Is it as nice as _not_ doing this? Sure. But that's not an option! SOMEONE has to do it now, thanks to the new laws.
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