VAT Rounding

[guyp]

Hello, is there any reason why my zencart might be incorrectly rounding my tax calculation?


Sub-Total:
£86.65

Delivery (Delivery):
£10.00

UK VAT:
£16.92

Total:
£113.57

VAT on this should be £16.91 ( 96.65x 0.1755= 16.91375)

Many Thanks

Guy

[fairestcape]

UK vat is not 17.55% but 17.50%

(So the factor in your UK VAT table should be 17.5000).

(Check this and put in the 3 trailing zeros, and try the calculation again.)

Additionally, check your currency settings for things like Decimal Places, etc.

The math will be correct if your settings are correct.

[guyp]

Hello, My tax rate is set to: 17.5000%

the 17.55 was a typo!

Thanks

Guy

[fairestcape]

... and it's still rounding UP instead of DOWN ?

[guyp]

Yes it is!

[guyp]

Yes it is!

Additionally:


£101.50
Sub-Total:

£10.00
Delivery (Delivery):

£19.52
UK VAT:

£131.02
Total:

This is also rounded up instead of down, the VAT should be £19.51 (from 19.5125)!!!