VAT

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
Can anyone remind me what VAT is as a decimal?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    VAT

    I think it is 1.175, although can't be 100% sure<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    VAT

    Take the gross value of an item divide by 47 x 7= vat element
  • System
    System Posts: 100,534 🤖 Admin 🤖
    VAT

    <BR>VAT = 0.175 x Net price<BR><BR>gross price = 1.175 x Net price<BR><BR>Good luck<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    VAT

    Thanks, it was the 47 x 7 i needed the element. I keep using 0.175 and thats where i am going terribly wrong <img src="i/expressions/face-icon-small-sad.gif" border="0"><BR>I have so much to do for tomorrow

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