Press Ctrl / CMD + C to copy this to your clipboard.
This post will be reported to the moderators as potential spam to be looked at
Hi.
Either I have completely misunderstood something or there is a bug with TC.
We have ticked "Prices is specified with VAT" on the store, and have set the default VAT to 20%.
But when we render order.SubtotalPrice.VatFormatted we get a weird vat calculation of 17,666%
This is how the properties look like on the order:
And the TotalPrice property:
Any suggestions?
Hi Kristian,
The VAT is an amount, not a percentage: £17.67 is 20% of your Value (which is £88.33 from that second screenshot).
Cheers,
Maff
Yes. But the value without vat should be £80, as we have set the VAT to 20%
On the product the value is £100 as we want it set there including the VAT
Hi Kristian
If you product is price £100 incl VAT and the VAT rate is 20, then price with out vat is 100 / (1 + 0,2) = 83,33£.
If the price including vat is 100£ and the price without should be 80 - then your vat rate need to be 25%. 100 / (1 + 0,25) = 80£
So it think it is right.
Kind regardsAnders
you're right.
I need to pull myself together.
is working on a reply...
This forum is in read-only mode while we transition to the new forum.
You can continue this topic on the new forum by tapping the "Continue discussion" link below.
Continue discussion
VAT is not calculated correctly
Hi.
Either I have completely misunderstood something or there is a bug with TC.
We have ticked "Prices is specified with VAT" on the store, and have set the default VAT to 20%.
But when we render order.SubtotalPrice.VatFormatted we get a weird vat calculation of 17,666%
This is how the properties look like on the order:
And the TotalPrice property:
Any suggestions?
Hi Kristian,
The VAT is an amount, not a percentage: £17.67 is 20% of your Value (which is £88.33 from that second screenshot).
Cheers,
Maff
Yes. But the value without vat should be £80, as we have set the VAT to 20%
On the product the value is £100 as we want it set there including the VAT
Hi Kristian
If you product is price £100 incl VAT and the VAT rate is 20, then price with out vat is 100 / (1 + 0,2) = 83,33£.
If the price including vat is 100£ and the price without should be 80 - then your vat rate need to be 25%. 100 / (1 + 0,25) = 80£
So it think it is right.
Kind regards
Anders
you're right.
I need to pull myself together.
is working on a reply...
This forum is in read-only mode while we transition to the new forum.
You can continue this topic on the new forum by tapping the "Continue discussion" link below.