Question

What is the formula to calculate VAT percentage

Answer 1

divide by 117.5 if the rate different, add 100 to the percentage and divide by the number therefore multiply by 100 to get the total

Explanation:

the formula to calculate vat percentage

Answer 2

Take the gross amount of any sum (items you sell or buy) – that is, the total including any VAT – and divide it by 117.5, if the VAT rate is 17.5 per cent. (If the rate is different, add 100 to the VAT percentage rate and divide by that number.)