PlanIt EPOS · Settings & Account

Change the VAT rate and default margins

What does this do?

The default VAT rate is applied to new products and sales, and the default trade and retail margins set the selling price of any product you add without typing one. You can also re-apply the margins to every product already in the catalogue.

How to use it

  1. From the ☰ menu choose Settings.
  2. Under Company & document settings set Default VAT rate %, Default trade margin % and Default retail margin %.
  3. Press Save settings. New products and new sales use these from now on.
  4. To reprice products already on the system, go to Recalculate selling prices from margins. Tick First reset every product's margin to the current defaults above if you want every product moved to the new figures.
  5. Press Recalculate all selling prices. Trade, retail and roll selling prices are rebuilt from cost; cost prices are never changed.
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Related guides

Recalculate every selling price from your margins

One button re-applies margins to the trade, retail and roll selling prices of every product already on the system. Cost prices are never touched, and nothing needs re-importing.

Products, Suppliers & Price Lists

Set your margins and selling prices

Each product carries the cost you pay and two margins. The till turns them into a trade selling price and a retail selling price, so the right price comes up depending on who is buying.

Products, Suppliers & Price Lists

Manage your suppliers

The Suppliers screen is built from your product list: one row per supplier with a product count and average retail margin. From here you can reprice a whole supplier at once or delete one.

Products, Suppliers & Price Lists

Turn VAT on or off for a sale

One switch decides whether VAT is added to this sale. Use it when a sale genuinely carries no VAT; the default rate lives in Settings.

Making a Sale

Set your country, currency and tax name

Country & region sets the currency symbol, the tax name and the number formats across the whole till in one go. An Irish shop, for example, gets VAT at Irish rates and prices in EUR. Changing it relabels money; it never converts it.

Settings & Account

Set up your business the first time you open the till

The first time you sign in, a short welcome form collects your business name, default margins and your operator PIN so the till can price products and record who served each customer.

Getting Started
Questions this guide answers
  • How do I change the VAT rate on the till?
  • Where do I set my default margins?
  • How do I reprice everything after changing my margin?

Last updated 2026-09-03 · Direct link for this feature