I know its 17.5% do you divide that into 80, I am confused.
2007-01-21 23:52:22 · 14 answers · asked by Silent_Hunter 2 in Business & Finance ➔ Taxes ➔ United Kingdom
80x17.5%=£14
2007-01-21 23:55:17 · answer #1 · answered by tulip 4 · 0⤊ 1⤋
If you want to add the VAT to £80, x 17.5/100, or .175 = £14.00
If you want to calculate how much VAT is included in £80, divide £80 x 1.175 to give you the net figure and take that way from £80 to give you the VAT = £11.91
2007-01-22 00:18:58 · answer #2 · answered by Florence-Anna 5 · 1⤊ 1⤋
10% of 80 =8
5% Of 80 =4
21/2% of 80 =2
£14
2007-01-22 00:01:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
£14 vat on something that costs £80.
If the £80 already includes the vat then its £11.91.
80 divided by 1.175
2007-01-21 23:56:54 · answer #4 · answered by Anonymous · 1⤊ 0⤋
if it includes VAT then you do 7/47 x 80 = £11.91 VAT or if its without VAT you do 17.5% x 80 = £14.
2007-01-21 23:55:59 · answer #5 · answered by agius1520 6 · 1⤊ 1⤋
£80 times (x) by 17.5% = £14.00
2007-01-21 23:57:40 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Why has someone rated Florence as a bad answer? She is perfectly correct . In fact hers is the most easily understood reply
2007-01-22 07:02:05 · answer #7 · answered by bilbotheman 4 · 1⤊ 0⤋
VAT is levied at different rates on various goods and services. You would have to specify what you were buying or selling.
2007-01-22 00:04:25 · answer #8 · answered by Anonymous · 0⤊ 1⤋
The formula is n-(n/1.175), where n is the price.
In your example, the VAT on £80 is £11.91
2007-01-21 23:55:30 · answer #9 · answered by Anonymous · 0⤊ 1⤋
14 pounds.
80 * 0.175
94 Pounds in total.
2007-01-21 23:55:25 · answer #10 · answered by mark 7 · 0⤊ 1⤋
80 / 117.5 = 0.68085 x 100 = 80 less £68.09
£11.91
2007-01-21 23:56:19 · answer #11 · answered by speedball182 3 · 0⤊ 1⤋