If you’re based in the UK, you’ll probably want to set up your 20% VAT so that the breakdown is shown on statements and receipts. The prices you’ve added within the Prices tab will likely include this cost. However, if you’re in the USA, you might want to list a 5% sales tax and a 5% lodgings tax – neither of which are included in your prices (and are therefore an exclusive tax). You can set all of this up by going to the Taxes section of Inn Style.
Taxes in Inn Style are set up on a percentage basis, with the possibility of setting different taxes for different items. For example, you might have an Optional Extra which has a zero rated tax – and you can add this to Inn Style, whilst keeping your rooms at a separate rate.
Great! How do I get started?
To set up your taxes, just go to the Accommodation tab and choose Taxes from the menu on the left hand side.
Please Note: It’s best to set up your Optional Extras and Bundled Extras first, so you can then assign them to the correct tax bracket in Accommodation > Taxes.
You can then name your tax, add the percentage of tax which is applicable, and the room, Optional Extra, or Bundled Extra it applies to. This information will be clearly displayed to guests during the booking process.
You can create as many different taxes as you like, but please note that each item can only be assigned to one tax.
To view a full breakdown of tax for each reservation, just go to the Insights tab and download a Reservations Report.
If your property has different tax rates, make sure to keep your accounts balanced by assigning any refunds to the specific section of the reservation that it applies to.
Hopefully now you’ll find that tax is a little less... taxing.