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Calculating VAT of Gross amount

  • 23-04-2008 1:47pm
    #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

  • #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


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


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


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