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Excel - how to subtract VAT
Steve_xx
Posts: 6,999 Forumite
in Techie Stuff
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.
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Comments
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B1 = A1/1.175
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Providing that the VAT rate is 17.5%:grouphug: Threewheeler0
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Excellent - Thank you folks0
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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%
Drew0 -
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_dogPersonal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
ignore.........missed moelrat's postPersonal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0
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