Hi Bob,
You wrote to Alan Clifford:
BS> > Pounds and pence are only integers if you add, subtract or multiply. If
BS> > you divide, you get fractions of a penny.
BS>  True, but fractional pence are hard to invoice and even
BS>harder to remit! ;-) H
They can be required in invoice calculations though...
The most common occurance of fractional pence is in VAT ([Value Added
Tax] which is more or less equivalent to the US state Sales Tax)
calculations. The current UK rate is 17.5 per cent and the official
rules are that when it is calculated on a per line item basis either
calculate to 0.5p (round to closest value) or 0.1p (round down), with
any fraction of a penny in the final total being ignored.
It's amazing how many commercial accounting packages do not follow these
rules, and work totally in pence, with the result that the difference in
VAT charged from the amount that should be charged if it was calculated
correctly being several pence as a result.
George
 * SLMR 2.1a * KEYBOARD - Used to enter errors int a computer.
--- Maximus/2 3.01
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