Vat formulas
Sandra,
Firstly put the VAT rate in a cell, say A1, as a percentage. For instance,
type 17.5% in A1
Then, do you want to add the VAT to an amount?
If so, assuming the amount is in B10, then in C10 add
=ROUND(B10*$A$1,2)
If you want to calculate the VAT in an amount?
Again, assuming the amount in B10, then in C10 add
=ROUND(B10-(B10/(1+A1)),2)
--
HTH
Bob Phillips
(replace somewhere in email address with gmail if mailing direct)
"Sandra" wrote in message
...
Roger
Thanks for your help but I am a complete beginner who has always hand
written and worked out the vat by calculator. Recently my son said I
should
get excel because it would make life much easier. I am not particularly
IT
literate so its all very confusing for me.
Thanks
Sandra
"Roger Govier" wrote:
Hi Sandra
With Vat rate in A1 as a percentage e.g 17.5% for Standard or 5% for
Lower
If you want to go from Gross figure to Net of VAT figure, then with
Gross in B1
=B1/(1+A1)
If you want to Know the amount of VAT contained within the Gross figure
then
=B1-(B1/(1+A1))
If you are going from Net of VAT figure to Gross, then
=B1*(1+A1)
--
Regards
Roger Govier
"Sandra" wrote in message
...
I would like to be able to set up a template for my vat returns each
month,
using the correct formulas for total, standard and vat. Can you please
help
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