Fidelity Systems
            Knowledge Base Fidelity Systems Total Control Premier TCP FAQ

            Meal Deal - How is the VAT calculated?

            The VAT on a meal-deal is calculated as follows:-

             
            Sandwich £2.00

            Crisps - £0.75

            Drink - £1.00

             

            Giving a total of  £3.75

            The meal deal kicks in and discounts the transaction to £3.00

             

            What the system does is splits the £0.75 discount across the three items according to the percentage of the value of each component.

             

            Sandwich - 53.33% - dicount £0.40

            Crisps - 20% - discount £0.15

            Drink - £26.67% - discount £0.20

             

            So the items are reduced as follows:-

             

            Sandwich is reduced by £0.40 to £1.60

            Crisps is reduced by £0.15 to £0.60

            Drink is reduced by £0.20 to £0.80

             

            The vat is then calculated based on these sales values according to the VAT rate set against each individual component.


            Updated: 08 May 2019 05:43 PM
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