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I've been trying to fill in an expenses form today but I think I've messed up!!!
I need to calculate the cost and then fill in a vat amount... Now my question is how do I calculate the vat on an item that has vat added but not showing seperately..
I thought total cost -20% would give me the cost before vat and the calculated - bit would be the vat...
However I tried that method on a receipt that showed the total and the vat seperately and it didn't add up!!
Confused.com....
Any help appreciated0 -
Mumto2monkeys wrote: »I've been trying to fill in an expenses form today but I think I've messed up!!!
I need to calculate the cost and then fill in a vat amount... Now my question is how do I calculate the vat on an item that has vat added but not showing seperately..
I thought total cost -20% would give me the cost before vat and the calculated - bit would be the vat...
However I tried that method on a receipt that showed the total and the vat seperately and it didn't add up!!
Confused.com....
Any help appreciated
Divide what you paid by 1.2
As in 100% paid plus 20%vat0 -
Mumto2monkeys wrote: »I've been trying to fill in an expenses form today but I think I've messed up!!!
I need to calculate the cost and then fill in a vat amount... Now my question is how do I calculate the vat on an item that has vat added but not showing seperately..
I thought total cost -20% would give me the cost before vat and the calculated - bit would be the vat...
However I tried that method on a receipt that showed the total and the vat seperately and it didn't add up!!
Confused.com....
Any help appreciated
(one point two)0 -
Mumto2monkeys wrote: »I've been trying to fill in an expenses form today but I think I've messed up!!!
I need to calculate the cost and then fill in a vat amount... Now my question is how do I calculate the vat on an item that has vat added but not showing seperately..
I thought total cost -20% would give me the cost before vat and the calculated - bit would be the vat...
However I tried that method on a receipt that showed the total and the vat seperately and it didn't add up!!
Confused.com....
Any help appreciated
Divide the amount by 1.2 to get the cost of the item before VAT was added.:grouphug:Official MSE canny forumite and HUKD VIP badge member
:grouphug:
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Bananababe wrote: »Divide what you paid by 1.2
As in 100% paid plus 20%vatColin_Hunt wrote: »Divide total price by 1.2
(one point two)Divide the amount by 1.2 to get the cost of the item before VAT was added.
All in the same minute.
:eek::eek:
:rotfl::grouphug:Official MSE canny forumite and HUKD VIP badge member
:grouphug:
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I had an email almost a week after entering my codes asking for my address and where I'd like the gift card for - I'm assuming that means I've won something, though it wasn't stated. Not exactly what I'd class as an instant win but :j all the same :rotfl:
Thank You abailey54, I will be checking my junk folder with more care then as that's where my vouchers keep going.RISEABOVEHATE
NeverGiveUp0 -
Champion :beer:that would be canny no doubt it will come around again
Its gone up
http://10ways.com/fb/iphone5c0 -
There is no honour to be had in not knowing a thing that can be known - Danny Baker0
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Ah Thankyou, I thought I'd got it until I tested my method....
:beer::T:T:T0 -
Do you mean the price tweets?
A few months ago it was £23.99 for the 16GB version.
Then it went up to £24.99 but that was for the 32GB version.:grouphug:Official MSE canny forumite and HUKD VIP badge member
:grouphug:
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