• 1. General
  • 1.1. How to log in
  • 1.2. The text editor
  • 1.3. Data Lists
  • 1.4. Upload
  • 1.5. Thumbnails
  • 1.6. Frontend
  • 1.7. Spam-blocking
  • 1.8. Search Optimizing (SEO)
  • 1.9. Browsers
  • 1.11 Speed
  • 1.12. Prices, Rounding and VAT
  • 1.13. Images on web
  • 1.14. Cookies
• 2. Tree
• 3. Page types
• 4. Webshop
• 5. Modules
• 6. Control panel
• 7. File Manager
• 8. Statistics
• 9. Guides
• 10. Move a shop

1.12. Prices, Rounding and VAT

Below you will find the rules for round-off and VAT in HostedShop. 

How HostedShop rounds off

HostedShop will round-off to the second decimal as standard. The function has nothing to do with the round-off in relation to currencies, which will make sure that the number is rounded off to the nearest integer. 
As standard, HostedShop will round up from the number 5 and above, and round numbers below 5 down. You must be aware that differences can occure. 
The example below below illustrates hos HostedShop rounds off: 

• 5,235 is rounded up to -> 5,24, last decimal (5 rounds up)
• 5,234 is rounded down to -> 5,23, last decimal (4 rounds down)

 
Read further about the rules of round off here.
 

How HostedShop calculates VAT

HostedShop calculates the rate of VAT depending on the delivery country. The sales VAT for any order therefore follows the delivery country i.e. where the package will end. The delivery country is setup in HostedShop under CONTROL PANEL > DELIVERY COUNTRIES & TAX. Denmark is set to be delivery country as standard. If you want to control the VAT-zones manually, this can be done by clicking on "Manual calculation of VAT rates. 

HostedShop is setup with the following VAT zones as standard:
 

	Private	Business
Sale in Denmark	25 % VAT	25 % VAT
Sale within EU	25 % VAT	0 % VAT
Sale outside EU	0 % VAT	0 % VAT