Comments and reviews on article "How to calculate VAT?"

InFlames20 · Apprentice Joined: 01 Feb 2008 Posts: 6

Users comments and reviews on article How to calculate VAT? by InFlames20

spidersong · Apprentice Joined: 11 Jul 2008 Posts: 2

I'd just point out that the article only shows how to calculate VAT on a net price. If you are being charged a gross price including VAT then the caclulation is to multiply by 7 and divide by 47 or essentially to multiply by 0.149. i.e a Computer for which you paid £117.50 included VAT of £17.50.

Comments and reviews on article "How to calculate VAT?"

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