Amounts are tax inclusive (Includes VAT figure) showing wrong

1

When I tick the “amounts are tax inclusive” in invoice the total amount is correct but vat amount is showing wrong. Anyone can help me out about this issue?

2

You need to show screen images of the EDIT screen of the invoice

You have probably entered the prices incorrectly or not defined the tax code properly

3

Thank you for your prompt reply, I think I have entered everything correctly.
Attaching screen images.

Screen one
Screen one1366×768 67.4 KB

Screen two
Screen two1366×768 68.8 KB

4

This is perfectly correct.

Your unit price is 9.25 (including VAT because you selected VAT inclusive pricing)

So your net price is 8.8095 plus 5% VAT 0.4405 = 9.25

So you invoice value is 300 x 8.8095 = 2,642.86
VAT @ 5% = 132.14
Total 2775.00

What is your problem?

3 Likes
5

Thank you