21.5k views
3 votes
What is the formula to calculate VAT percentage

2 Answers

1 vote

Answer:

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

User MC Emperor
by
8.1k points
4 votes

Answer:

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.)

User Slawek
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories