answersLogoWhite

0

From net figure: assume Vat rate=16%

Vat amount=16/100*net figure

from Gross figure

Vat amount =16/116*gross figure

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the formula you need to calculate vat?

Just use a VAT calculator


How much VAT do i pay when importing to israel?

Search unitmeasure vat calculator


Need a vat calculator only to put in amount and the vat amount will show south Africa?

Not unless you can program a key with the VAT rate, since the tax rate varies from one country to another and calculator makers prefer to make a model that will sell across the world rather than in only one country.


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.


How to work vat backwards in rands?

To work VAT backwards in rands, first determine the total amount (including VAT) and the VAT rate. For example, if the total amount is R1200 and the VAT rate is 15%, you can calculate the VAT-exclusive amount by dividing the total by 1 plus the VAT rate (1 + 0.15). This gives you R1200 / 1.15 = R1043.48. Then, subtract this amount from the total to find the VAT amount: R1200 - R1043.48 = R156.52.


What is a vat calculator used for?

VAT calculators are used to calculate the total cost of an item to a business. This calculation includes things like labor, overhead, shipping, and other costs to help a business price their goods.


How do you work out vat on gross price?

To work out VAT on a gross price, first, identify the VAT rate applicable in your region. Then, divide the gross price by 1 plus the VAT rate (expressed as a decimal). For example, if the gross price is $120 and the VAT rate is 20%, you would calculate $120 ÷ 1.20, which yields a net price of $100. The VAT amount would then be $120 - $100 = $20.


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 add V.A.T on excel 2007?

choose where you want to show the vat type = click on the cell you want to add vat to type +0.175* then click on the cell you want to add vat to example - =Z1+0.175*Z1 hope this helps (its a formula by the way!)


How do you work out 20 percent vat?

Multiply the total by 0.2


Can smart phones work as graph calculator?

does it have graph calculator


Will a solar powered calculator work in a dark room?

No, because the calculator is solared power so which means that the calculator will only work in a room that has light or it can also work outside during the day when the sun is out