caz111175
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17.5% |
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MiZz RuBy
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is it including Vat or not?
not including vat it would be: £254.98
including VAT it is £184.68 and Vat: £32.32
good luck!! |
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TallPaul
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Multiply by 1.175 to give the £217 plus VAT.
Divide 217 by 1.175 to find out how much £217 is *before* VAT. |
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golden
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You have to be VAT registered to charge it if not just include it in the price £217.00 +17.5% = £254.97 |
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cakeyspig
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If you are adding VAT onto £217.00 just add 17.5% which comes to £254.98.
If you are taking the VAT away from £217.00 it's a little more complicated but not too tricky - You first multiply 217 by 7 and then divide it by 47, this gives £32.32 which is the amount of VAT that is included in a total payment of £217.00 |
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mischievous
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You only need to do this if you are registered to pay VAT on the goods you sell. If you are not liable tell the purchaser that you are "VAT Exempt".
If you have to charge them, its 17.5% on top of the purchase price. This 17.5% is paid to the government.
17.5% is 0.175 as a decimal fraction.
Multiply £217.00 by 0.175 and then add it to the £217.00 to give the total buyer's price.
Alternatively you can multiply £217.00 by 1.175
The total price is £254.975.
You should round this up (because the third decimal digit is 5 or greater) to give £254.98
The tax is £37.98, so you can see that when VAT is added to all the other taxes you pay, Income Tax, National Insurance, Motor and petrol taxes, taxes on insurance policies and everything else you could possibly think of, you are being ripped off by taxation in the UK. |
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Andrew C
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you only need to if you're registered for VAT. are you? |
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holfordstars
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I don't know which country you are in - but if you have the same value added tax system that we do in the uk , then you have to charge 17.5% as this is what inland revenue will use when assessing how much you owe them.
do a sum of what is 1% of £217.00 which equals £2.17 and then times this by 17.5 which comes to £37.975 or knowing that we are taxed to the limit £37.98 just to be sure you have in your bank what the tax man will try to collect.
If there was more than 1 item at this price - you may be able to deal in whole numbers. |
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kantianswer
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vat calculator or read the HMRC rules, but don't give them any personal details if you send something to them. they'll just loose it. |
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Columbo
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217x 1.175 = 254.97
or you can do on your calculator 217 x 17.5 hit the % button, gives you what the VAT is 37.98 then hit + to add to your original 217
to take away VAT 217 divided by 1.175 = 184.68 |
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Ladybird
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You key in £217 then multiply by 0.175 giving an answer of £37.97 VAT add that to the original price,
Making a total of £254.97
If you want a TOTAL price straight off, you key in £217 then multiply it by 1.175 giving a total price of £254.97
Good luck |
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Linda B
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multiply £217.00 by 17.5% = VAT, add that to £217.00 for your total |
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Happy Murcia
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17;5% it should equal £37;97 and a half pence |
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