Hi guys, i've got a problem with the calculated value of tax in my shopping cart.
All of my prices are entered including VAT and on the business settings tax window 'Inclusive of Tax' is checked. I've set the default VAT rate to be VAT(Normal) 20.0000 and there is a second unused rate of 15%. Tax by delivery address is checked and under the 'UK tax zone' tax 1 is specified as VAT.
However, when I add a product to the cart, at £39.95 for example, when I visit the view cart page it shows the total including tax (£39.95 when just this product is in the cart) and the calculated tax included below, however the value isn't 20%. In this example it shows the VAT to be £6.66 but 20% of £39.95 is £7.99.
The tax is rate is set on each product details tab to be VAT(normal) which is 20% as defined in the business settings and the variable in the layout for the calculated tax amount is <Actinic:Variable Name="Tax1"/>.
Interestingly enough it seems to consistently calculate the tax included in the shopping cart total at 16.6% which suggests there must be some sort of box i've not checked!
Really not sure where to go on this one, any thoughts on what I might've missed? I've attached a screenshot of my tax settings and the shopping cart, does anyone know of any other settings that could be interfering?
Cheers, Rob
All of my prices are entered including VAT and on the business settings tax window 'Inclusive of Tax' is checked. I've set the default VAT rate to be VAT(Normal) 20.0000 and there is a second unused rate of 15%. Tax by delivery address is checked and under the 'UK tax zone' tax 1 is specified as VAT.
However, when I add a product to the cart, at £39.95 for example, when I visit the view cart page it shows the total including tax (£39.95 when just this product is in the cart) and the calculated tax included below, however the value isn't 20%. In this example it shows the VAT to be £6.66 but 20% of £39.95 is £7.99.
The tax is rate is set on each product details tab to be VAT(normal) which is 20% as defined in the business settings and the variable in the layout for the calculated tax amount is <Actinic:Variable Name="Tax1"/>.
Interestingly enough it seems to consistently calculate the tax included in the shopping cart total at 16.6% which suggests there must be some sort of box i've not checked!
Really not sure where to go on this one, any thoughts on what I might've missed? I've attached a screenshot of my tax settings and the shopping cart, does anyone know of any other settings that could be interfering?
Cheers, Rob
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