Excel - how to subtract VAT

Steve_xx

Can anyone help please? How, in Excel do I write the equation that will give me an ex VAT figure? Assuming I write the total in A1 and I want the ex VAT figure to appear in B1.

molerat

B1 = A1/1.175

Threewheeler

Providing that the VAT rate is 17.5%

Steve_xx

Excellent - Thank you folks

Drew5555_2

Don’t subtract 17.5% to find an ex VAT figure.

100 + 17.5% = 117.5
117.5 – 17.5% = 96.9

To add vat use 17.5%
To subtract vat use 14.8936%


Drew

cloud_dog

Drew5555 wrote:

Don’t subtract 17.5% to find an ex VAT figure.

100 + 17.5% = 117.5
117.5 – 17.5% = 96.9

To add vat use 17.5%
To subtract vat use 14.8936%

Drew

Drew, well spotted but wouldn't it be easier and avoid any possible rounding issues if the formulae was:

SUM((A1/117.5)*100)

cloud_dog

cloud_dog

ignore.........missed moelrat's post