2007-01-14 22:37:56 · 12 answers · asked by patrick m 1 in Business & Finance ➔ Taxes ➔ United Kingdom
Honey and jase are the only correct answers so far. 409.04 x17.5% = 85.90 ( Or to work it out £494.94 / 1.21 = 409.04
(But if you are in the UK VAT is 17.5% so the vat would be £494.94/1.175= £421.23 nett + VAT of £73.71)
2007-01-14 22:53:17 · answer #1 · answered by jayktee96 7 · 1⤊ 2⤋
£409.04 was the cost of the product + VAT of £85.90 (21% x £409.04) makes the £494.94.
2007-01-15 06:46:05 · answer #2 · answered by Anonymous · 1⤊ 0⤋
494.94 x 21/100 = £103.93 vat
2007-01-15 06:42:56 · answer #3 · answered by Anonymous · 1⤊ 2⤋
you was charged 103 pounds vat , without vat the amount is 391 pound.
2007-01-15 06:43:07 · answer #4 · answered by stereid1985 1 · 1⤊ 2⤋
494.94 + 21% means a total of 598.88
494.94 - 21% =the bill was 391
though you do realise vat is 17.5%
494.94 - 17.5% = bill was 408.3
494.94 + 17.5% = 581.55
2007-01-15 06:44:17 · answer #5 · answered by kingericthe7th 2 · 2⤊ 2⤋
When was VAt raised?
2007-01-15 06:45:23 · answer #6 · answered by joepublic101 3 · 1⤊ 2⤋
You need that looked into,it is illegal to charge more than 17.5% VAT as it is a government tax.
They are trying to rob you.
2007-01-15 06:44:12 · answer #7 · answered by Anonymous · 2⤊ 2⤋
Only 21%! You got a bargain.
--That Cheeky Lad
2007-01-15 06:42:39 · answer #8 · answered by Charles-CeeJay_UK_ USA/CheekyLad 7 · 1⤊ 1⤋
£73.71
http://www.fastlinksolutions.co.uk/vatcalcu.htm
FYI VAT is more in other EU countries
2007-01-15 06:42:32 · answer #9 · answered by Anonymous · 2⤊ 3⤋
if your total bill was £494.94 then
494.94/121=4.09
4.09*100=409.04
494.94-409.04= 85.90
VAT paid at 21% = £85.90.
2007-01-15 06:47:14 · answer #10 · answered by honey 1 · 2⤊ 1⤋