Vat Calculation Formula?

Answer

Value Added Tax (VAT) is calculated as a percentage of the cost of a product then added to the cost to make it VAT inclusive. The standard rate of VAT is 20 per cent and the reduced rate is 5 per cent. However these rates are bound to changes based on the economy and for the latest VAT rates, you can visit the human resource and custom website.
Q&A Related to "Vat Calculation Formula?"
Systolic blood pressure measures how hard the heart's left ventricle contracts to circulate blood through the body. Normal adult blood pressure is 120/80, where the top (first) number
http://www.ehow.com/about_6328819_formula-calculat...
An IRA calculator is based on the amount of your initial contribution, your recurring contributions, the anticipated interest rate, and the length of time the money will be invested
http://wiki.answers.com/Q/What_are_the_formulas_fo...
None, its just a randomly generated number.
http://wiki.answers.com/Q/What_is_formula_to_calcu...
Kenetic energy equals one half mass times velocity squared.
http://wiki.answers.com/Q/What_is_the_formula_for_...
2 Additional Answers
To calculate VAT at 20%, one should multiply the selling price of the good by 20%. The result of this calculation is the amount of VAT payable and should be added to the selling price to arrive at the selling price inclusive of VAT. The price inclusive of VAT is 20% more than the initial selling price.
The formula for calculating VAT is usually a percentage on the gross value of goods. In the United Kingdom, VAT is calculated at 17.5 percent of gross value of the goods. There are some goods in the UK like baby products that do not pay VAT.
Similar Questions
Explore this Topic
The current normal rate of VAT in the United Kingdom is 17.5%. The formula of finding VAT by subtraction is as shown below; ([VAT Rate] + 100) / 100) * [Original ...
In order to calculate the VAT excluded price, you should be aware of the VAT rate of your country. First, divide the VAT rate by 100 and add 1 to the answer. Then ...
The formula for calculating water potential is the pressure potential plus the solute potential. The pressure potential is exerted by the cell wall. Solute potential ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com