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Calculating VAT amount

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


Posted by Kevin O Mcgrattan on Jul 13, 2009 9:36 AM BST

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,


Posted by Mark McLaren (Solar Accounts) on Jul 13, 2009 9:52 AM BST