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I think this is properly calculating –I am setting up a fresh development site, so I will do some testing.
It may be because you have both of these selected:
WooCommerce > Settings > Tax > Tax Options > Prices Entered With Tax: Ticked
WooCommerce > Settings > Tax > Standard Rate > Country Code GB and Rate 20%, Compound unticked and Shipping Ticked
20% tax is being collected therefore for product and shipping; but you have stated that prices are set with tax included.
Therefore, I think that the commissions is being handled to reflect this.

Quite frankly this is all confusing until I actually sit down and run through some tests with the same configuration as you have.. lol.. so let me do that and see if it is calculating constantly and get the figures. 😉

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