2007-02-20 16:25:33 · 4 answers · asked by arundhati b 1 in Business & Finance ➔ Taxes ➔ United Kingdom
take the base price and add 17.5% to it.
100 pounds base = 117.50 incl vat.
Hope this helps.
2007-02-20 16:28:23 · answer #1 · answered by carlsberg72 3 · 0⤊ 0⤋
If a pirice is shown excluding VAT and presuming the VAT rate is 17.5%, then:
Price / 100 x 17.5.
Therefore if the price is £10, the VAT is £1.75 and the Gross, or total price paid is £11.75.
If the price includes the VAT, then:
Price / 47 x 7.
Therefore if the price (gross) is £35.25, the VAT is £35.25 / 47 x 7 = £5.25 VAT.
The Net (price excluding VAT) is £35.25 / 47 x 40 = £30.00
2007-02-21 01:45:19 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If VAT is 12.5%, VAT on goods for Rs. 1600/-, will be Rs. 200/-. Buyer will have to pay Rs. 1800/- is invoice is given by seller. If it is 4%, then it will be Rs. 64/-
2007-02-21 00:36:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
www.taxcentral.co.uk/taxcentral/home/vat/vatcalculator/default.asp
The above site will answer your query
2007-02-21 00:37:41 · answer #4 · answered by satishfreeman 5 · 0⤊ 0⤋