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Former Member
Jul 23, 2010 at 09:05 AM

8.8 PL10 Sales Tax


Dear Experts

Does PL10 have an issue with calculations?

If I create an invoice with a line item of, for example, a unit price of £300 and set the quantity to 5 - giving a Total (LC) of £1500 - and set VAT code to O1 (17.5%) then Tax Amount (LC) comes up as £257.25.

17.5% of 1500 is 262.5, not 257.25?

The above can be produced using the UK demo company.

Any ideas would be greatly appreciated.