Is it me, or is there an obvious issue in the calculation of the VAT amount in all invoices?
In this example (I took the australian invoice model not to get anyone confused)
The price set up is 1,80 for each Kg carrot, and the price is set up as "including VAT" so 3,60 for 2.
Tax rate is 5,5%, so the amount excl tax should be 3,60/1,055=3,41, and not 3,44...
I don't know if it's a rounding issue, but it's not "exact", I don't think we'll have any issue with the tax authorities for that, but I don't think that's just a rounding issue here, it's more than 1 cts discussed here: https://community.openfoodnetwork.org/t/tax-calculation-issue/547/4
Am I right? Do you have the same issue in Aus @sstead ?
Is it me, or is there an obvious issue in the calculation of the VAT amount in all invoices? In this example (I took the australian invoice model not to get anyone confused)
The price set up is 1,80 for each Kg carrot, and the price is set up as "including VAT" so 3,60 for 2. Tax rate is 5,5%, so the amount excl tax should be 3,60/1,055=3,41, and not 3,44...
I don't know if it's a rounding issue, but it's not "exact", I don't think we'll have any issue with the tax authorities for that, but I don't think that's just a rounding issue here, it's more than 1 cts discussed here: https://community.openfoodnetwork.org/t/tax-calculation-issue/547/4
Am I right? Do you have the same issue in Aus @sstead ?