prices added are with tax, not net of tax

[Rodland]

If anyone can point me in the right direction because I've searched and searched!

1) Setup tax zone at 17.5%

2) Display Prices with Tax = true

3) Sweater costs £100 (includes 17.5% tax). So, in Categories / Products setup create new product and set Products Price: 100.00

4) Make Tax Class: Taxable Goods

5) Now go to the catalog and test the page. Hold on, the price says £117.50!

What it should say is £100 and the net price should be £85.11

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Now I need to display the goods with uk tax/vat - this is the law, so display prices with tax must be enabled.

I could simply put the net price in the Products Price field, which would fix everything, but I have about 100 sweaters here all of which show the prices with 17.5% tax and the last thing I want to do is get a calculater and work out what the net price is for all of them.

So is there a way to simply input the net + tax price into the Product Price field, and have this price show up as having the tax already included???

Does this make sense?

Thanks in advance,

CMR

[auradev]

heres the quick fix. Dont charge tax on your website. Then you as a business pay the tax for the customer. Notice how most e-commerce sites dont charge users tax? Guess who pays the tax! THE BUSINESS SELLING THE PRODUCTS! Why you ask?
Some companies are located in sales tax free areas- like oregon in the us- no sales tax. That means if they sell to someone in california, there is no tax. But if you are in california and sell to oregon, you must pay sales tax. Sucks for the businesses. It gives the businesses in non-taxed states the upper hand. What you need to do is turn of the taxes, and charge whatever you want. Then at the end of your accounting cycle- week/ month/ quarter? whatever- you write the government a check for the amount of sales tax (gross sales x tax rate = sales tax you must pay).

This is the easiest way to do it. If you aren't keeping track of how much you sell online- you need to, a sale is a sale, regardless of where it is made, you must pay the tax man!