I have tried looking for a possible answer, but cannot find a correct answer. When selecting Tax inclusive the VAT amount is calculated wrong. (See screenshot) [VAT] The correct calculation method is: (Inclusive amount x 100) /115 In this case (250 x 100) /115 = 217.39 Therefor the VAT should…

Can you show the tax details? Maybe you created a wrong tax code.

Thanks for the help… [Tax rate]

According to the guides, inclusive tax is calculated as: Tax-exclusive price = Tax-inclusive price / (1 + Tax rate), which in this case should be: 217.39 = 250 / (1+15%), thus tax is 32.61, and it is not.

@Davide thank you, I appreciate the help. Strange thing is I never had it checked, but then the VAT did not show up in my VAT payable account. Now it is working. Must have been something to do with updates. Nonetheless… It is working. Thank you for the help. Will monitor it. Cheers!!!

Inclusive VAT calculated wrong

Topic		Replies	Views
Incorrect Tax Calculation	4	707	January 18, 2023
Issue with VAT calculation	8	1523	January 18, 2023
Problem with VAT calculations?	9	2275	January 18, 2023
Amounts are tax inclusive (Includes VAT figure) showing wrong	4	252	May 11, 2022
Tax calculation is not entirely correct	15	676	January 18, 2023

Inclusive VAT calculated wrong

Related topics