2006-10-16 06:30:56 · 5 answers · asked by judyp91 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Gross amount = 109% of net amount
therfore Vat = 9% of net amount
net = gross*100/109
therfore vat = 9/100 * gross*100/109
= (9*gross)/ 109
2006-10-16 06:44:21 · answer #1 · answered by SLH 4 · 0⤊ 2⤋
If gross VAT amount is 9 then VAT Element=100
If gross VAT amount is 1 then VAT Element=100/9
If gross VAT amount is x then VAT Element=(100*x)/9
2006-10-16 15:52:32 · answer #2 · answered by orebabaa 4 · 0⤊ 0⤋
Put simply -- divide the gross figure by 109
then multiply by 100 = amount less VAT
2006-10-16 14:15:55 · answer #3 · answered by researcher 3 · 0⤊ 0⤋
9/109 = 0.0825 or 8.25%
8.25% of the gross amount is VAT
2006-10-16 13:44:38 · answer #4 · answered by ArgumentativeButNotInsulting 4 · 1⤊ 1⤋
= 100/109. Use a calculator from here !
2006-10-16 13:32:59 · answer #5 · answered by Anonymous · 0⤊ 3⤋