question

denver32 avatar image
denver32 asked vaser23 edited

Issue with VAT Calculation in Clover Tax Report

Hey everyone,


I've been running into a problem with VAT calculations in my Clover tax reports. The numbers just aren't adding up.


Here's the issue:


In the Payment section, I have:


VAT or fee: 20%

Taxable Amount: £654

According to my calculations, the VAT amount should be:


£654 * 20% = £130.8 (Check for https://vatcalculatorsa.co.za/ VAT removal)


However, Clover's report is showing £128.6 instead.


I'm really stuck on this and haven't found any solutions in the guide section. If anyone has any insights or suggestions, I’d really appreciate your help!


Thanks a lot

Taxesupgrade
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3 Answers

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nanisa2 answered

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hussy112233 answered

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vaser23 answered vaser23 edited

It looks like the discrepancy may come from rounding or the specific calculation method Clover uses. VAT calculator systems sometimes round differently at each stage (e.g., per item vs. total). You could try checking Clover's tax settings for any rounding options.

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