# How to CalculateVAT on the GrossAmount.?

1. Determine the gross amount of the item that is for sale. 2. Determine the VAT applicable for your area. This could vary from country to country or region to region. The VAT amount should be expressed as a percentage. 3. Multiply the gross amount
source: www.ehow.com
How to Calculate VAT on the Gross Amount
Value added tax, or VAT, is a way of assessing taxes on the full sales price or gross amount of a purchase. It is used in many countries of the European Union as a way to collect revenues. The VAT, calculated as a percentage of the gross amount of the... More »
Difficulty: Easy
Source: www.ehow.com
Q&A Related to "How to Calculate VAT on the Gross Amount."
 Multiply the VAT figure by 5 ie: VAT amount £20 x 5 gives you a net figure of £100.00. http://wiki.answers.com/Q/How_do_I_Calculate_the_g...
 you need to times £45 by 0.175 to find its vat content to find out how much VAT would be added to £45 times £45 by 1.175 and that will give you the gross (net amount http://answers.yahoo.com/question/index?qid=200808...
 The other answers are correct.if you are looking to put VAT on £45. £45 x 0.175 = £7.88.Total £52.88 But if you want to know how how much VAT is in £ http://uk.answers.yahoo.com/question/index?qid=200...
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