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#1
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Vat input
Hi
I want to create a formula where if for example I have £100 in a column, the next column to put the vat rate 1.175 and the next column to sum both these figures giving the answer of £117.50. The above I can do without any problems. The help I need is if the vat rate is zero. What formula do I use so that the figure put into the vat rate column whether it be 1.175 or 0.00 excel will calculate. Excel will not multiply a zero rate Hope this makes sense Thanks in advance |
#2
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Hi Geoff,
Excel will multiply a zero rate. What happens in your case? What's your formula? -- Kind Regards, Niek Otten Microsoft MVP - Excel "Geoff" wrote in message ... Hi I want to create a formula where if for example I have £100 in a column, the next column to put the vat rate 1.175 and the next column to sum both these figures giving the answer of £117.50. The above I can do without any problems. The help I need is if the vat rate is zero. What formula do I use so that the figure put into the vat rate column whether it be 1.175 or 0.00 excel will calculate. Excel will not multiply a zero rate Hope this makes sense Thanks in advance |
#3
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The standard rate of vat is 17.5%, so when you want to calculate an amount
inclusive of the standard rate of VAT, you multiply by 117.5% or 100%+17.5%, or 1.175. To calculate a zero rate add 0 to the whole percentage, that is 100%+0% or 1. -- HTH RP (remove nothere from the email address if mailing direct) "Niek Otten" wrote in message ... Hi Geoff, Excel will multiply a zero rate. What happens in your case? What's your formula? -- Kind Regards, Niek Otten Microsoft MVP - Excel "Geoff" wrote in message ... Hi I want to create a formula where if for example I have £100 in a column, the next column to put the vat rate 1.175 and the next column to sum both these figures giving the answer of £117.50. The above I can do without any problems. The help I need is if the vat rate is zero. What formula do I use so that the figure put into the vat rate column whether it be 1.175 or 0.00 excel will calculate. Excel will not multiply a zero rate Hope this makes sense Thanks in advance |
#4
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The vat rate is *not* 1.175.
It's 0.175, or 17.5%, correct ? So, it depends on what you want displayed in your columns as to what formulas to use. A1 = 100 B1 = vat rate (0.175) OR 0 C1 = Amount of vat (=A1*B1) D1 = Total (=A1+C1) Is this what you're talking about? OR Do you want to *not* have a separate column for the amount of the vat, but go directly to a display of the total ? In that case, eliminate the formula in D1, and replace the formula in C1 with: =A1+B1*A1 -- HTH, RD ============================================== Please keep all correspondence within the Group, so all may benefit! ============================================== "Geoff" wrote in message ... Hi I want to create a formula where if for example I have £100 in a column, the next column to put the vat rate 1.175 and the next column to sum both these figures giving the answer of £117.50. The above I can do without any problems. The help I need is if the vat rate is zero. What formula do I use so that the figure put into the vat rate column whether it be 1.175 or 0.00 excel will calculate. Excel will not multiply a zero rate Hope this makes sense Thanks in advance |
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