(GBR) Example 5

In Great Britain, you must set the options for the calculation rules as:

• Tax on Gross (Including Discount) - Off

• Discount on Gross (Including Tax) - Off

The system calculates the discount and gross amounts as:

Formula	Calculation
Discount Formula	(Taxable Amount x Discount Rate Percent) / ((1 - Discount Rate Percent) x Tax Rate) (1,000 x.01) / ((1 -.01) x.10) = 10.10
Gross Formula	Taxable Amount + Tax + Discount 1,000 + 100 + 10.10 = 1,110.10