Adding
VAT to a price
We
shall work it based on the current VAT rate of 17.5%.
To add VAT on at a different VAT rate simply replace the 17.5
in the first line with the new relevant VAT rate. To
begin with you need to work out the multiplier:
17.5
÷ 100 = 0.175
0.175 + 1 = 1.175 Multiplier
= 1.175 Net
Price (price before tax)
multiplied by 1.175 = Gross
Price (Price after tax) Example: £10
* 1.175 = £11.75 In
the above example £10
was the price before VAT, and the £11.75
is the price with the 17.5% VAT added on
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