In the EU there is a a Tax system called the VAT Margin Scheme which is applied to the sale of 2nd-hand goods.
It works by taking the purchase price of an item, including transport, packaging, insurance etc. , and subtracking it from the sale price, leaving only the profit. Only the profit is then taxed according to that countries tax rate.
Item costs $100
Sells for $200
Profit = 200-100 = $100
Tax Payable (20%) = $20
Does B1 have the fuctionality to deal with this scenario built in? If so could somebody point me in the right direction?
Thanks in advance,