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PostPosted: Wed Dec 01, 2010 8:34 pm 
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Joined: Wed Dec 01, 2010 8:25 pm
Posts: 1
Hi, I'm having the exact same issue, in that the VAT rate is entered correctly but is not calculating correctly. I will put post the program read here, but in the meantime does anyone have any avenues to check?

Cheers,
Scott


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PostPosted: Wed Dec 01, 2010 9:16 pm 
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Joined: Fri Mar 20, 2009 3:29 pm
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Location: Liverpool
Hi Scott,

What VAT amount are you getting? Also see if this helps.

If the amount is £100 inclusive of VAT then the correct amount for VAT is £14.89
As the correct calculation is £85.11 + 17.5%

Don't confuse with deducting 17.5% from £100 as this is incorrect.

Dave

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