As a UK Retailer who ships to customers worldwide we need some help figuring out how to setup VAT in Magento. We need the following things done:
1 > All prices on the site to be inclusive of VAT
2 > Anyone buying our products from outside the UK & EU to have 20% removed off the shopping cart total as a VAT deduction.
How do we set this up? it must be standard for every UK retailer to have the same settings so why is there no clear cut information or process in doing this?