VAT & Settlement Discount

We offer settlement discount to some of our larger customers of up to 2.5%. The VAT is calculated after taking the settlment discount into account i.e.

Net 100.00
VAT 17.06 (100 - 2.5% x 17.5%)
Total 117.06

What should I show as the value my output £100.00 or £97.50?

Thanks
Martyn
Martyn Shiner

Comments
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VAT Guide 3.1

NeilW |

The full amount.

theaardvark |