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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)
Difference between vat 4 percent and vat 12.5 percent?
8.5 percent of the pre-VAT price.
How do you minus vat?
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
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 list price of the shirt that a man bought for Rs 374.50 which includes 7 percent VAT?
Rs 374.50 - 7% = 348.29 7% = 26.21
Is nett price inclusive of vat?
No, Net Amount is the amount before VAT is added. Once VAT is added it then becomes the Gross Amount. Net price is exclusive of VAT
Difference between vat inclusive and vat exclusive?
vat inclusive- Gross price (price after adding tax)vat exclusive-net price (price before adding tax)
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)
How to put vat on?
VAT is now at 20%, so take the price and multiply by 1.2 to give price with VAT.
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.
How do you calculate the vat from a final vat inclusive amount?
Divide the TOTAL by (1+the VAT rate) - this will give you the VAT exclusive price, then simply subtract that from the total price to get the VAT amount. For example...Say the retail price is 29.99 - Divide by 1.175 (current VAT rate)This gives 25.52 - subtract that from the original priceThus the VAT portion of the total price is 4.47
What is the difference between net price and gross price?
For when the VAT rate was 17.5%, to get the amount before VAT you needed to divide by 1.175 Now the UK VAT rate is 20%, you need to divide by 1.2 Example: If the price before VAT was £100, and VAT is 20%, then the price after VAT is £120. So to work it out backwards: If you know the price after VAT is £120 and you want to know the price before VAT: £120 divided by 1.2 = £100 Hope that helps.
What is VAT inc?
Value Added Tax Included (in the overall price) Most businesses are exempt from VAT so sometimes the price is given Excluding VAT. VAT is currently 15%
Does net sales include VAT?
Not according to direct.gov.uk "When someone charges you VAT they multiply the original ('net') price of the item or service by the VAT rate to calculate the amount of VAT to charge. They then add the VAT amount to the net price to give the 'gross' price - the price you pay." http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_4015895
Difference between vat 4 percent and vat 12.5 percent?
8.5 percent of the pre-VAT price.
How do you minus vat?
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
What is Vat input?
VAT stands for the Value Added Tax. The definition of input VAT is the tax that is added to the price when you buy services or goods liable to VAT.
