2007-03-06 03:35:50 · 14 answers · asked by BrendaS 2 in Business & Finance ➔ Taxes ➔ United Kingdom
The vat was on 19.53 and then added to it. its bang on.
2007-03-06 03:41:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Perhaps the VAT is already included in the 23.63? So the base price was 19.53 and 21% of 19.53 is 4.10 which is added to the 19.53 to get 23.63?
2007-03-06 11:42:56 · answer #2 · answered by Dave W 6 · 0⤊ 0⤋
Yes, 21% of 23.63 is 4.96 but 23.63 includes the tax. The iten cost 19.53 right? 21% of that is 4.10 for a total price (including tax) of 23.63.
2007-03-06 11:43:12 · answer #3 · answered by Box815 3 · 1⤊ 0⤋
The £23.63 is the gross price INCLUDING 21% VAT. So the price would be £19.53 + £4.10 VAT making £23.63 total
2007-03-06 11:56:08 · answer #4 · answered by Alan H 1 · 0⤊ 0⤋
That is because the 21% is charged on top of the price of the item: The item without tax would have cost 19.53. 21% of 19.53 is 4.10. 4.10 + 19.53 = 23.63.
2007-03-06 15:06:13 · answer #5 · answered by billaricky 1 · 0⤊ 0⤋
VAT in the UK is 17.5 %
The actual VAT on 23.63 is 4.13 though it would appear that it's been rounded down.
2007-03-06 11:39:04 · answer #6 · answered by Timothy S 5 · 3⤊ 0⤋
If you've bought books or magazines they are zero VAT so will alter the amount a little.
2007-03-06 11:39:05 · answer #7 · answered by Smarty 6 · 0⤊ 0⤋
Is there an item on the receipt which is non-VATable or rated at 0%. Could explain it...
2007-03-06 11:38:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
That's the most amazing thing I ever heard.
2007-03-06 11:39:02 · answer #9 · answered by w00t 3 · 0⤊ 1⤋
Where in the world are you, as in UK VAT is17.5%.
2007-03-06 11:40:01 · answer #10 · answered by jet-set 7 · 2⤊ 0⤋