X / 1.20 = x minus vat @ 20%
Multiply by 15, then divide by 100.
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.
4th January
Multiply the total by 0.2
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
X / 1.20 = x minus vat @ 20%
Multiply by 15, then divide by 100.
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.
95.8 euros
4th January
Multiply the total by 0.2
8.5 percent of the pre-VAT price.
Multiply the VAT figure by 5 ie: VAT amount £20 x 5 gives you a net figure of £100.00.
How to calculate vat on works contract
600 + 20% = 720
how to calculate vat liability under works contract under delhi vat