Egg Heads this way please!

[Tesla]

No wonder the British educat5ion system is lought at in the rest of the world

I hope that is sarcasm.

 

[Glaucus]

all you have to do is think what percent the price is.

100% price + 17.5% vat =117.5% all you need to do is get that back down to 100% to get the price without vat.

 

[Haircut]

As already said this thread is rather worrying.

It's akin to something rising in price by 10% and then subsequently falling by 10%. Lots of people think that if this happened the price would be the same as before the rise, but that's not how it works!

 

[PureAppleJuice]

No wonder the British educat5ion system is lought at in the rest of the world

It isn't. Source?

 

[SexyGreyFox]

Heres a very easy spreadsheet I've just knocked up - VAT Calc

 

[iCraig]

It's easy.

VAT is like 10% or summat right? Take 10% away from 3000 and you're left with like 2000. Carry the 5 and you've got 2005. So, yeah, the answer is 2005.

Maths is pretty easy when you think about it properly. I do all my own accounts.

 

[FrostedNipple]

snip

lol, i love humor

 

[Deleted member 64478]

sum x 17.5 / 100 = V.A.T

So 3000 x 17.5 / 100 = £525

 

[Deleted member 64478]

It's easy.

VAT is like 10% or summat right? Take 10% away from 3000 and you're left with like 2000. Carry the 5 and you've got 2005. So, yeah, the answer is 2005.

Maths is pretty easy when you think about it properly. I do all my own accounts.

You taking the water? lol

 

[stumpy187]

Why has the same "£3000 is 100% so 3000/100x17.5" been posted so many times.
Simplest way i have been taught is
With Vat Divide 1.175
Without Vat Times 1.175

 

[JIM_BOB7813]

I'm somewhat afraid for the future of the UK if this thread is anything to go buy. No wonder the British educat5ion system is lought at in the rest of the world

sum x 17.5 / 100 = V.A.T

So 3000 x 17.5 / 100 = £525

 

[Deleted member 64478]

whats with the roll eyes at me JIM_BOB7813!! haha

 

[JIM_BOB7813]

Half of it was for you since you fell into the same trap as many others did even after the correct way to do it was posted. The other half was irony appreciation.

 

[Deleted member 64478]

haha right

 

[Phyre]

Why has the same "£3000 is 100% so 3000/100x17.5" been posted so many times.
Simplest way i have been taught is
With Vat Divide 1.175
Without Vat Times 1.175

I think people are getting confused. The method only works if you're adding the VAT on, not if you're trying to take the VAT off. They don't realise that 17.5% of (approx.) 2553 is not 17.5% of 3000...

 

[Columbo]

Jesus Christ just do 3000 x 0.175 (0.175 being 17.5%) Then subtract that from 3000

 

[Beren]

What I find odd is the lack of people checking that their method works before posting it as advice...

I mean it aint too hard to see if what you have just told someone will work actually does is it? ( I actually had to check that what I thought worked really did after reading all of this lot though!)

 

[furnace]

I'd divide by 1.175 (£2,553.20)to deduct the tax, or multiply by 1.175 (£3,525) to add the tax.

Exactly what I was gonna say - silly to do it any other way to be honest

Price inc VAT / 1.175 = Price exc VAT
Price exc VAT * 1.175 = Price inc VAT

 

[AJUK]

This is one of the scariest threads I have ever read. I really hope some of you never breed or operate heavy machinery.

 

[furnace]

Jesus Christ just do 3000 x 0.175 (0.175 being 17.5%)

But that doesn't work either!