# Working out Net Amount when I only have VAT total

Hi

If I have a figure showing the total amount of VAT, (in this case £167.56) what is the formula for working out how much the net total was?

Thanks

Tracy

• I can get you the gross figure!

VAT amount/7 x 47. To get the net just take off your VAT amount!

EG.

17.50 VAT/7 x 47 = 117.50 (Gross) - 17.50 (VAT) = 100 (Net)

:001_smile::001_smile:
• columbia wrote: »
hi

If I Have A Figure Showing The Total Amount Of Vat, (in This Case £167.56) What Is The Formula For Working Out How Much The Net Total Was?

Thanks

Tracy
£167.56/47*7=£24.95 (vat)
• Divide by 117.5 then multiply by 17.5.
• Thanks Guys

Rebeccas yours was the formula I needed as I knew the vat amount but needed to convert it back to net.

Thanks everyone else!

I had a complete brain freeze, I know you /47 x 7 to work out the vat element from the gross and to x the net amount by 1.175 to add on vat I just didn't remember to take the vat amount and /7*47 and /1.175 to work out the net.

Weird thing is I have already applied it a few times this week, but totally forgot it this afternoon when I really needed it!

Thanks again everyone.

Tracy
• Hi
Try the following way
Net Amount= £100 and VAT is 17.5 This means,for 17.5 the net amount is 100.(100/17.5)How much is for 167.56? (100/17.5*167.56=957.49)
Now find 17.5% of 957.49 You will get 167.56

Thanks
Dheepa.
• Thanks Dheepa

That is very helpful, I always get confused when I have to work backwards on problems!

Cheers again guys!

Tracy
• VAT calculations

Hi guys

Fo info I always use the following ways:-

Net x 0.175 = VAT element
Net x 1.175 = Gross
Gross / 1.175 = Net
VAT element / 17.5 x 100 = Net amount

Hope this helps