VAT Exclusion Calculation--- when to use it?

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.

Answers

  • BUSHBUSH Posts: 9Registered
    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%)
Sign In or Register to comment.