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michmac75
Is there a sum to work out how to take of VAT?
My dad has asked me to post this question. He said that there is a simple sum to work out how to take of VAT, but I haven't got a clue! Can anyone help?
Divide by 1.175 to get the amount without VAT (assuming a VAt rate of 17.5%, which is NOT universally true.)
kamviag
Easy sum to remember.
Say the total is £250
Take 10% = £25
Half that = £12.50 (5%)
Half that = £6.25 (2.5%)
add all together £43.75 (17.5%) !
prashant k
The easiest method for imputation is:
A*B divided by B+100
A = Price inclusive of VAT
B = Tax Rate (17.5)
You will get the VAT component of the VAT inclusive price.
Cheers.
Guitar Lady
Yes, you need to find 17.5% which is the rate of VAT and subtract it. So, if for example the amount is £120, you do 17.5 divided by 120 which is 0.1458, then multiply this by 100 = 14.58, or £14.58. You can then subtract this: £120 - £14.58 = £105.42.
Hope this helps!
lydja
I times total by 7 then divide by 47. It works.
She_says
VAT is 17.5%.
Divide the amount by 100 and then multiply the answer by 17.5.
Take that amount away from the original amount.
I don't know if thats the quickest way but it works for me!
Simon G
Unfortunately not, Fermat's theorem states that dividing any number by 1.175 will leave you with the divine number.
Nutty Girl
its something like divide by 48 multiply by 7.(i used to use something similar to this but forgotten it or use
To find the amount of a bill before VAT at 17.5% was added, multiply the amount including VAT by 100 and divide the result by 117.5.
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