VAT Exclusion Calculation--- when to use it?

gabriellenlewis · July 2017

So the calculation for "VAT exclusion" is (Gross Amount / 1 + VAT%) - Gross Amount

But when do you actually use this, what does it actually tell us?

Thanks.

BUSH · December 2017

The following calculation will give you the vat portion. This can be used only if you know the Gross amount.

GROSS AMOUNT - (Gross Amount / 1 + VAT%)

VAT Exclusion Calculation--- when to use it?

Answers