VAT Calculation
 

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VAT Calculation

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Offline  sparkerfix
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I’m curious on a VAT amount. could someone tell me how to work out the invoice amount if the VAT only element is £1300. Ta muchly.

 
Posted : 26/01/2025 11:41 am
Offline  soobalias
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whats the VAT rate?
if its 20%, id suggest that the original vatable invoice was £6.5k and the total £7.8k..

 
Posted : 26/01/2025 11:53 am
Offline  rockthreegozy
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VAT 20% (£1300) x 5. £6500

£6500x 1.2 = £7800 total

 
Posted : 26/01/2025 11:53 am
Offline  sparkerfix
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Thanks. It is a straight 20 percent calculation then I’d got a different calculation in mind.

 
Posted : 26/01/2025 12:32 pm
Offline  Speeder
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Divide the inclusive total  by 6. Simple.

 
Posted : 26/01/2025 12:54 pm

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