Magento Tax Calculation Incorrect - magento
Hi currently running into an issue with magento 1.9 tax calculations.
I have a product setup as £10.82 with VAT of 20% to be added. The price including VAT is £12.98.
When 1 product is added to the cart everything is ok but if I add 7 the total should be £90.86 but its showing as:
Subtotal - £75.74
VAT - £15.15
Total - £90.89
Therefore 3p of VAT extra is added. Please advise on how I can fix this.
This is not a bug. Total £90.89 is correct but if you want total sum without "extra" 3p of VAT, you can select a different method of calculating VAT.
£10,82 * 20% = £2,164 = £2,16
total: 7 * (£10,82+£2,16) = £90,86
vs
7 * £10,82 = £75,74
£75,74 * 20% = £15,148 = £15,15
total: £75,74 + £15,15 = £90,89
Check Tax Calculation Method in Settings.
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