answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: When did the vat rate change to 15 percent?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the prevailing rate of VAT in Namibia?

15%


What is 15 percent vat of 200?

Adding 15 percent of VAT to £200 gives £200 x 1.15 = £230.


Calculate 15 percent vat in 545?

If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75


How do you calculate vat of 15 percent?

Multiply by 15, then divide by 100.


How do you calculate VAT?

See the related link for a guide on VAT and how to calculate it. You can also use a VAT calculator such as the one in the related links.*To calculate the price before VATUse the reciprocal of the VAT percent, found as 100/(100 + VAT)e.g. for 15%, multiply by 0.87 (100/115) and that will bring you back to the approximate pre-VAT value.


What is the current rate of VAT in the UK?

As from yesterday (Monday), the standard rate of VAT in the UK is 15% for 13 months (until the end of 2009). The 'normal' standard rate of VAT in the UK is 17.5%, but it has been reduced by 2.5% in an attempt to boost the economy. There are two additional VAT rates: 'Reduced' rate VAT 5% is for items such as gas and electricity Zero rate VAT is for 'essential' items - most food, baby clothing etc. so it was but as of 1st January 2011 the vat rose to 20% from last years 17.5%


15 out of 60 in percent?

% rate = 15/60 * 100% = 25%


What percent is 15 l?

% rate:= 15/1= 15 x 100%= 1500%


What is 15 percent of 204.99?

Change 15 percent to a decimal. .15 Then multiply .15 times 204.99 and you get 30.7845


CHANGE 15 PERcent into a decimal?

15% = 0.15


On iwork spreadsheet how do you make a column calculate VAT eg column 1 type in 100 then column 2 would automatically calculate vat and column 3 would automatically calculate total inc vat?

If the 100 is in cell A3 and the VAT rate is 15%, then in cell B3 you would have the following formula: =A3*15% However it is better to put the VAT rate into a cell by itself, like perhaps in cell B2. Then the formula would be as follows, with the dollar symbols enabling the formula to be copied while keep using the 15%. =A3*$B$2 Then in C3 you would have the following formula to get the total: =A3+B3


What was the original rate of vat in the UK?

In the UK, the value-added tax (VAT) is a consumption tax, which is paid by the end consumer. In this sense, VAT is collected at every point in the production chain. As a consumption tax, VAT is considered to be a tax on the difference between the cost of production and the price at which the goods are sold. The VAT rate in the UK was set at 17.5% until 1973 when it was increased to 25%. The rate increased again to 15% in 1993. Hope this will help you. If you need any help regarding VAT, feel free to contact us visit: Proactive Consultancy Group Or Call us at: +44 207 193 7072