Re: Selling cars - When are you a dealer? # Archived Message
Posted by ian whitmore on November 24, 2009, 7:59 am, in reply to "Re: Selling cars - When are you a dealer? #"
Michael. The way I do it (just one of many) is £1000 Divide by 115 then multiply by 15. Works for any Vat rate, just change numbers ie Divide 117.5 multiply 17.5 etc. So £1000 has 130.43 vat in it. Ie £869.57 + Vat (£130.43)= £1000 Hope this helps.
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