**I need a formula for minusing VAT (17.5%) from a number!!**

For example, an invoice that includes VAT totalling £150 would have a VAT amount of £25 with the net value at £125. This result is calculated by dividing £150 by 1.2 which gives the net value of £125 with the difference being the tax at 20%.... The amount of VAT charged, or a statement that VAT is included in the total cost of the goods. The quantity and full description of the goods purchased. A unique serialized tax invoice number.

**VAT Calculator Contractor UK**

13/09/2007 · Best Answer: Go on a diet How To Take Vat Off Difficult to know exactly what you want, but I hope this helps : If the Total including VAT is £150 (for example) And the VAT applied was 20% (for example) Then the Total before VAT is (£150/120) * 100 = £125 And the VAT amount is 150-125 = £ 25 If it's a VAT inclusive... For example, for a $10 total, you do 10 * (1 /11) = 0.91, which is the tax component of the $10 total. My problem is I need calculate a formula for working out the taxable component when the tax rate is a variable. So far I've made this calculation although I'm not sure how correct an assertion it is:

**how do you take 20% off a price? Yahoo Answers**

31/01/2018 · Compare the total amount owed vs. the discounted amount. Using the above example, with a 2 percent discount on a $500 dollar invoice, the savings would be $10 if you pay within 10 days. Decide if the savings are worth using your cash earlier than necessary in the month by calculating the annual savings you would earn for the extra 20 days.... Our VAT calculator can be used to either add VAT to the figure entered or subtract VAT to leave the non-VAT amount. The results page breaks the figures down into the net amount, the VAT portion and the gross amount.

**Excel how to subtract VAT - forums.moneysavingexpert.com**

13/05/2010 · Best Answer: a simple way is this: look at your total amount and move the decimal (1) place to the left and that is 10% times (2) is 20% your discount will most likely occur on your before tax amount and you probably will be taxed on the full amount not the discounted amount …... For example, an invoice that includes VAT totalling £150 would have a VAT amount of £25 with the net value at £125. This result is calculated by dividing £150 by 1.2 which gives the net value of £125 with the difference being the tax at 20%.

## How To Take Vat Off A Total Amount

### CIS and VAT printable invoice V.G. Woodhouse & Co. ACCA

- How to Calculate the Total Sales Tax Collected? Chron.com
- How to Calculate the Total Sales Tax Collected? Chron.com
- How to Calculate Sales Taxes From Receipt Totals Chron.com
- How to Calculate Sales Taxes From Receipt Totals Chron.com

## How To Take Vat Off A Total Amount

### Hi everyone, in case you haven't seen Mark's reasoning above on how we calculate tax, I've added it below:---At Xero we calculate tax on a line by line basis, because we offer tracking on lines and therefore each line needs to be able to create a balanced and correct journal.

- For example, an invoice that includes VAT totalling £150 would have a VAT amount of £25 with the net value at £125. This result is calculated by dividing £150 by 1.2 which gives the net value of £125 with the difference being the tax at 20%.
- Take amount ex. R100 + 14%= R114 Take the amount including vat is this case R114 R114 x 100 ----- 114 = R100 so Vat is R14 R256.00 x 100
- 6/11/2012 · So in Column A I have food sales, B Wet sales, C total cash, D total EFT then E total take. So if the total take is £350.00 then 20% of that I need to pay as VAT. So I need Column F to show what amount is 20% of the total take and then Column G is the take after VAT is paid by me.
- Because of rounding, the actual amount of VAT may differ from this computed amount by a tiny bit. – André Nicolas Feb 9 '12 at 20:58 VAT in the UK is 20% - if the figures don't agree try that.

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