VAT Tax Summary different from Invoiced VAT

1

So my problem is this:
15% VAT is applicable to all sales and purchases and Tax Codes were entered as 15% accordingly.

The problem that we’re having is that the Tax Liability is more than what it should be…

|Code| Description| Unit price |Amount|
| — | — | — | — | — |
|KG100| GASKETS 100mm X 3mm|‎250|‎ R 13,16| R ‎3 290,00|
|Sub-total|‎R 3 290,00|
|VAT 15%|‎R 493,50|
|Total|‎R 3 783,50|

On the Tax Summary, however, the Tax on Sales is shown as follows:
Invoice Amount Tax on Sales
2021/08/25 — 54783 — 2021/08/25 — 3 783,50 567,53

This is a real issue and we can’t figure out why this is happening…
Any assistance would be appreciated.

Thanks

2

Does this help Choose between tax-exclusive and tax-inclusive prices | Manager

3

I think this is my answer. I just need to read up some more thanks!!!

4

Hi Joe91,

After careful reading and application, it was found that for some reason, Manager is applying additional 15% VAT to the already calculated invoice VAT amounts.

Why would this be happening?

We have noticed that this was happening from the first month we started using the app, that this has caused us to pay more VAT than what we’re supposed to.

We can’t be paying more VAT because Manager is calculating 15% VAT ON 15% VAT when generating a Tax Summary report.

Looking forward to any assistance.

5

please provide screenshots of your tax codes you have created under Settings. show their edit screens.
also post screenshot of your sales invoice edit screen.