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Subjects>Math>Math & Arithmetic

How do you minus vat?

Anonymous

∙ 14y ago

Updated: 9/18/2023

Work out 17.5% (current vat rate 2010) of the items price

then minus the answer from the original price of the item

Wiki User

∙ 14y ago

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Continue Learning about Math & Arithmetic

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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Related Questions

Minus vat 20 percent off a figure?

X / 1.20 = x minus vat @ 20%

What is net turnover?

Net turnover is turnover reduced by taxes linked to it, like VAT. In other words, it is what you get for the products you sell and services you provide, minus VAT that had to be paid for them.

How many types of vat?

The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %

Gross of vat and net of vat?

There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.

How can I reclaim VAT?

To reclaim VAT, you need to be a registered business that has paid VAT on goods or services. You can reclaim the VAT by submitting a VAT return to the tax authorities, detailing the VAT you have paid and the VAT you have charged. This process allows you to receive a refund for the VAT you have paid.

What is VAT output and VAT input?

VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT

Is net of vat is the same with vat inclusive?

vat exclusive

Do you pay vat if the customer is vat exempt?

no. because when customer is notpaing vat only he have vat exwmption only/

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

Can a vat vendor claim input vat on goods purchased from a non vat vendor?

Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.

What is the difference between vat exclusive and vat inclusive?

The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.

Difference of e-vat and vat?

The difference between e-vat and vat is the time in which they take effect. The vat takes effect when a sale is made, and the e-vat takes effect when the sale is finalized. To know more about the VAT or VAT consultancy services please visit Proactive Consultancy Group - TPCGUK or you can call us at +44 207 193 7072

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