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VAT issue showing retail prices 20% higher.

Posted: Tue Oct 06, 2015 1:29 am
by cdamianou
Hi

I have now become vat registered and in the process of finalising my updated site. I have set the website with all the tax classes etc to calculate the correct VAT. However, the retail prices are now 20% higher. Is there a way to show the product the same retail price as before but have the ex-vat price show 20% less?

The product price in the store admin is showing as £21.99, but on the store it is showing as £26.39. I would like to store price to be the same as the price that is inputed in admin and have the Ex price show as -20% of the £21.99.

Your help is much appreciated.

Before anyone asks. All my prices before was the price as though I was VAT registered so I won't be losing out by having the same retail prices now I am vat registered.

Re: VAT issue showing retail prices 20% higher.

Posted: Wed Oct 07, 2015 8:16 pm
by cdamianou
Any ideas?

Re: VAT issue showing retail prices 20% higher.

Posted: Wed Oct 07, 2015 9:02 pm
by jrfcomputing
Its an annoying one when I had to do this I had to rework out all the prices. Nice and easy if you have an import tool though

The calculation to work backwards is to minus 16.6666%

16.6666% of 21.99 = 3.66498534

21.99 - 3.66498534 = 18.32501466

I always use 4 decimal points as when someone buys multiples it adds up better

Hope that helps

Re: VAT issue showing retail prices 20% higher.

Posted: Wed Oct 07, 2015 10:16 pm
by cdamianou
Thanks for your reply. I thought this might be the case. I was hoping there was some easier way. With over 6000 products with allot of books not being vatable to sort out as well, I was trying to avoid this route.

Re: VAT issue showing retail prices 20% higher.

Posted: Wed Oct 07, 2015 10:27 pm
by jrfcomputing
Just did a quick extension search and found this one

http://www.opencart.com/index.php?route ... on_id=7045

Haven't used myself