Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Calculating VAT of Gross amount

Options
  • 23-04-2008 2:47pm
    #1
    Boomtastic
    Closed Accounts Posts: 59 ✭✭


    How do I determine what the VAT (21%) is from the Gross figure?

    I'm trying to write a spreadsheet calculation.

    Example:
    If the Gross figure is €900 how do I calculate that the VAT on that amount is €156.20 and the Net figure is €743.80?

    My brain hurts..... :)


Comments

  • Options
    #2
    Jakey
    Closed Accounts Posts: 105 ✭✭Jakey


    To get the net from the gross divide by 1.21 (for 21% Vat)
    =900/1.21 will give you the net amount

    =A1/1.21 (if you put the gross amount in cell A1)

    To calculate the vat amount subtract the net from the gross

    Good Luck


  • Options
    #3
    Boomtastic
    Closed Accounts Posts: 59 ✭✭Boomtastic


    Yep, Jakey just figured it out. Thanks for your help anyways.


Advertisement