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Earn +20 ptsQ: How do you minus vat?
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Minus vat 20 percent off a figure?
X / 1.20 = x minus vat @ 20%
Difference between vat 4 percent and vat 12.5 percent?
8.5 percent of the pre-VAT price.
What is the formula for cost price with VAT?
If the VAT rate is V% then the cost price with VAT is = Cost Price*(1 + v/100)
Is VAT on goods sold and services rendered input VAT?
TRUE
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.
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