What is the calculation that works out the VAT amount from the gross amount? (NOT Amount X 100 / 117.50) There is another one... Amount either X or / by a figure something like....0.1380??? Does anyone know?
2007-01-27 11:25:55 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
If you want to find the VAT within a price, you divide by 1.175 then take the number from what you started with.
13.99/1.175 = 11.91
13.99 - 11.91 = 2.08
Or multiply your total by 0.149
2007-01-27 11:37:49 · answer #1 · answered by Bloke Ala Sarcasm 5 · 0⤊ 0⤋
It is £2.08. The calulation is £13.99, times 7, divided by 47
2007-01-27 11:42:20 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Easy, tax is 17.5%.
£13.99 / 100 = 0.1399 which is one percent.
Times that by 17.5 (17.5 x 0.1399 = 2.44835 ) which gives you the tax, £ 2.45
Add them together (2.45 + 13.99 = 16.44 ) and that gives you a total price of £ 16.44,
£ 2.45 of which is tax.
2007-01-27 11:40:33 · answer #3 · answered by kittycymraeg 3 · 0⤊ 1⤋
Divide by 5.71 will give the VAT to be added
2007-01-27 11:35:18 · answer #4 · answered by Magurdrac 2 · 0⤊ 1⤋
£13.99 divided by 1.175 = £11.91 + vat @17.5% = £2.08
2007-01-27 11:33:31 · answer #5 · answered by Greybeard 3 · 0⤊ 0⤋
I get £16.43. thats by doing 13.99 x 17.5% + = 16.43. Is that what you wanted to know?
2007-01-27 11:32:18 · answer #6 · answered by Banny Grasher 4 · 0⤊ 1⤋
14.75
For instance £10.00 multipled by 14.75%
2007-01-27 11:34:58 · answer #7 · answered by Alicat 6 · 0⤊ 2⤋