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Below you will find the rules of rounding and VAT in HostedShop.
As a standard, HostedShop always rounds off to the second decimal. This function does not relate to currency rounding, which automatically rounds off to the closest whole number.
Standard rounding in HostedShop rounds up from the number 5 and upwards and rounds numbers below 5 down. Please note that differences can occur as an effect.
The example below demonstrates the standard rounding:
Read more about the rounding rules here.
HostedShop VAT calculation
HostedShop calculates the VAT rate based on the country of delivery. That is, the VAT on sales for the order follows the country of delivery, i.e. the country where the package is delivered to. Country of delivery is set up in HostedShop under CONTROL PANEL > COUNTRY OF DELIVERY AND VAT. As a standard setting, HostedShop is set up to sell to Denmark. If you wish to control VAT zones manually, you can do so by clicking "Manual calculation of VAT rates".
HostedShop is set up with the following standard VAT zones:
|Sales in Denmark||25 % VAT||25 % VAT|
|Sales within EU||25 % VAT||0 % VAT|
|Sales outside EU||0 % VAT||0 % VAT|