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What is 6 percent tax?

Updated: 4/28/2022
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Wiki User

13y ago

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'6 percent tax' can mean 2 things, depending whether or not the tax is inclusive.

If it is not inclusive it means that you owe a further 6% of whatever your buying/receiving. For example if you're buying something for £100 and VAT (at 6%) is not included you would owe £6 to the tax man.

If it is inclusive it means that 6% of whatever your buying/receiving. If you are buying something for £50 and VAT is included (at 6%) 6% would be paid to the tax man for you.

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13y ago
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