VAT off a price
shall work it based on the current new 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.
begin with you need to work out the divider:
÷ 100 = 0.175
0.175 + 1 = 1.175
Price (Price after tax)
divided by 1.175 = Net
Price (price before tax)
1.175 = £10
the above example £11.75
was the price with VAT, and the £10
is the price with the 17.5% VAT removed