circular error problem for vat calc

[Steve]

Hi, I want to be able to put a figure in a cell that is inclusive of VAT and
for it to then become the amount less VAT at 17.5 %. ie if I put in box A6
117.5 I want it to become 100. I know the sum is (A6)/1.175 but it gives a
circular reference error. I tried doing what the help said and ticking the
iteration box but it didnt seem to help. Is there any way of doing this?

Thanks in advance

 

[Fred Smith]

Of course you're going to have a cicular error if you put the formula in the
same box as the data entry. So don't do that. Enter 117.50 in cell A6. Put
your formula in *any other* cell, like A7.

Regards,
Fred.

 

[Steve]

You are correct with your understanding, but in the table I am trying to
create, I want it in the same cell and not in another as you suggest. I have
a series of columns with different headings that I want the amount in less
the VAT. I have to put that in first and then it will be calculated in a
totals column inclusive of VAT. As I would have the figures inc. VAT it would
save me the time calculating the - VAT before I put it. If I use a different
cell I would have twice as many and it wouldn't make any sense. I hope this
explains it, I know it it is not a common thing to do, thats why I need help

 

[phildy]

Perhaps you chould create insert a new worksheet that mirrors the values
(less VAT) using =Sheet1!A1/1.175 (assuming the initial value is in worksheet
'Sheet1' and cell A1.
Dragging this formula should change the cell references as it is pasted
avoiding the need to type into every cell.

 

[Steve]

Don't really understand what you are getting at. I don't want to put the
value in a different cell because I want to keep the table simple, if you
could see what I was trying to achieve it would make more sense. I don't know
how to devise a VBA solution, that's what I need help with....

 

[Steve]

Let me try to explain....

I get a receipt which has the gross amount on it which I will need in a
'totals' column, I also want the net value in one of about eight columns that
describe what the receipt was for ie. fuel, postage, materials etc. If I put
the gross amount in the totals column, I cant see a way of having a formula
to calculate it net of vat in just one of the other columns. Therefore, I
want to put the gross amount in the net column and for it to be changed to
net, the totals column would then be able to add the vat back on.
I am basically trying to save myself the time calculating the amount less
vat before I put it into the table, not the end of the world if I cant but
not unnecessary.

I hope this makes sense, I dont want to start adding columns that don't make
any sense to whoever I present it to. I do appreciate your help, I only know
the real basics of excel but thought there may be a simple solution to the
problem.

 

[Fred Smith]

Although it's possible to do with VBA, if you're a basic Excel user, my
advice is to avoid it. It won't be easy to proram or maintain.

If you don't want to use an extra cell, why not enter a formula when you
have a VAT-in price. It's just as acceptable in Excel to enter "=117/1.175"
(without the quotes) as "100". This will be the simplest, and gives you an
audit trail in case you make a data entry error.

Regards,
Fred.