UK VAT question

  • Thread starter Thread starter lez
  • Start date Start date
L

lez

Can anyone tell me the formula to work the nett figure from a gross which
included vat @ 17.5%

TIA
 
Sun, 29 Apr 2007 17:00:53 +0100 from lez
Can anyone tell me the formula to work the nett figure from a gross which
included vat @ 17.5%

If A1 contains gross, then A1 is 117.5% of net. To find net, divide:
=A1/1.175
 
Back
Top