Hi,
I am fairly new to this so please bare with me.
I have a php page that uses Javascript (I think) to calculate the percentage Insurance Premium Tax (IPT field) of a total.
I have located where the calculation occurs and can see that it take the total of a predefined amount and divides it by 21 to give me the 5% IPT tax. IPT has risen in the UK today to 6% so I need to know what I need to change the 21 to to give me an accurate IPT calculation.
Here's a snippet of the code. Can anyone help please? Is it 17.65?
PHP Code:
////////////////////////////////////////////
// Motor Bike Calculations
////////////////////////////////////////////
$p = 3;
$q = 0;
while ($p < 6){
$base_array = mysql_fetch_row($result4);
// Motor Bikes
$risk_code = 2;
$ap = (0 + ($p));
$ipt_rate = $ipt_main;
$monthly_total = $pricing_row[$ap];
// Calculate IPT
$ipt_percentage = $monthly_total / 21;
$monthly_ipt = $ipt_percentage;
$base_cost = $base_array[0] + $dealer_loading;
$base_final = $base_cost;
$profit = $monthly_total - $base_cost - $monthly_ipt;
$monthly_total = number_format($monthly_total, 2, '.', '');
$monthly_ipt = number_format($monthly_ipt, 2, '.', '');
$base_final = number_format($base_final, 2, '.', '');
$profit = number_format($profit, 2, '.', '');
echo '
<tr align="center" bgcolor="#FFDDFF">
<td>';
if ($p == 3)
{
echo ('');
}
elseif ($p == 4)
{
echo ('UK');
}
elseif ($p == 5)
{
echo ('UK & European');
}
echo '</td>
<td>
<input name="';
if ($p == 3)
{
echo ('comprehensive_plus_'.$risk_code);
}
elseif ($p == 4)
{
echo ('comprehensive_'.$risk_code);
}
elseif ($p == 5)
{
echo ('driveline_plus_'.$risk_code);
}
echo '" type="text" value="'.$pricing_row[$ap].'" size="6" maxlength="6" class="smallinfo">
</td>
<td>'.$monthly_ipt.'</td>
<td>'.$base_final.'</td>
<td>'.$profit.'</td>
</tr>';
$q++;
$p++;
}