Tax and VAT
Configurable tax support for watch dealers
Start from a country preset, pick from seven treatments including the margin scheme, and your documents follow the settings your organization saves. You configure the treatment and rate; confirming they are correct for your business stays with you and your accountant.
- 7
- Tax treatments
- 9
- Country presets
- 5
- Tax systems
- Per line
- Treatment overrides
Where tax setup goes wrong
Rules vary by transaction
The correct scheme can depend on location, customer, item, and how you acquired the watch. A single default rarely fits every sale.
The wrong default compounds
One wrong saved treatment produces incorrect calculations on every sale that inherits it, quietly, until someone checks.
Audit questions cost hours
Missing registration numbers, wrong document wording, no treatment on record. Each gap is avoidable accounting work later.
Treatments
Seven treatments, set once, applied everywhere
Second-hand watch dealing runs on treatments that generic accounting defaults do not cover, the margin scheme first among them. Here each treatment is a saved setting: your organization picks the default, and any watch, spare part, or invoice line can override it when a transaction calls for something else.
For the margin scheme you also choose the cost basis, so the calculated margin reflects how your business actually accounts for acquisition costs.
- Standard, margin, zero-rated, exempt, reverse charge, out of scope, no tax
- VAT, GST, sales tax, custom, or no tax as the underlying system
- Margin scheme cost basis: purchase price only, or purchase plus eligible costs
- Organization default with per-item and per-line overrides
Pick per sale or per line
Margin cost basis
Country presets
Presets that check the document before it goes out
A preset is a starting point, not a verdict: it fills in the rate, treatment, and wording that jurisdiction usually needs, and every value stays editable. Before a document issues, the jurisdiction rules flag what is missing, as a blocker where the document would be wrong without it and as a reminder where you may know better.
The rate is always the one your organization configures. Whether a treatment applies to your situation is a question for you and your accountant, and the copy in the app says so too.
- Nine presets: EU, UK, UAE, US, Canada, Australia, Singapore, Switzerland, custom
- Suggested rate, default treatment, price basis, and document wording per jurisdiction
- Tax Invoice wording applied where a jurisdiction requires it
- Reverse charge held until the buyer tax ID is on file
Presets
Before a document issues
Where it lands
The settings do their work on your documents
Tax settings only matter where money changes hands. Every treatment and preset on this page exists to make the invoice or credit note come out right: the calculation, the wording, and the record that backs it up at audit time.
- Invoices calculate tax from the treatment and rate on each line
- Credit notes carry the same treatment logic as the invoice they correct
- Margin scheme documents use the wording the scheme requires, with no separate VAT line
- Supported per-item treatments flow to the Chrono24 taxation scheme
Included from Starter, EUR 79/month billed annually (EUR 99 monthly).
The Free plan tracks sales without invoices; documents that apply these settings start on Starter.
- Free
- Starter
- Pro
- Business
Common questions
Set the treatment once, apply it on every sale
Country presets, seven treatments, and documents that follow your saved settings. Confirming what applies to your business stays with you and your accountant.