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FINDING THE VAT AMOUNT
Рет қаралды 6,479
Күн бұрынNeed to find out how much VAT is in a price? VAT registered and wondering how to work VAT backwards? Watch on.
Topics including:
How to work out VAT
How to work out the VAT amount
How to work out the VAT on a price
How to find the amount of VAT in a price
How to work out 20% VAT
Calculating VAT
Exclusive and inclusive of VAT
How to calculate VAT
..... and more!
#vat #maths #selfemployed #bookkeeping
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@hashimrasool Жыл бұрын
Another easy way is to divide the gross amount by (100%+VAT%)and multiply it by VAT%; $60 / 120% X 20% = $10
@HeelanAssociates Жыл бұрын
Thanks for sharing!
@russellmanning7023 2 жыл бұрын
The reason you divide by 6 is because you multiply by 20/120 which is 1/6 which is same as dividing by 6. The reason you divide by 120 is because you want to find one percent of original vat exclusive amount.
@HeelanAssociates 2 жыл бұрын
Thanks for sharing!
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