how do you work out the vat at 15% on a docket with the full amount on it eg. £100 less vat =
when vat was 17.5% all you had to do was 7/47 which gave you
100*[7/47]=14.89
could you please give me this answere as soon as possible
Hi Kevin,
For a VAT rate of 15%, multiply the gross figure by 3 then divide by 23 to get the VAT amount.
e.g. 100*(3/23) = 13.04
Cheers,