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Vat calculator

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Post Wed Jul 22, 2009 6:21 pm

Vat calculator

Whats happened to the VAT calculator on the UK Signboards Toolbar ?
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Post Wed Jul 22, 2009 6:39 pm

Hi martin
i think it was set at 17.5%
here is one that i use
http://www.taxcentral.co.uk/taxcentral/ ... efault.asp

derek
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Post Wed Jul 22, 2009 7:11 pm

Thanks....I found several on the web.
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Post Wed Jul 22, 2009 9:08 pm

I think Rob decided to disable the VAT calculator. I used to find it handy if I got an invoice with VAT included.

Was only yesterday my trainee was asking how to work it back and I never even considered a web search so thanks for the heads up guys.

Cheers

Gary
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Post Wed Jul 22, 2009 9:28 pm

x 3 and divide by 23 will give you the vat on a totaled invoice!

Nigel
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Post Thu Jul 23, 2009 8:36 am

simplest method by far with a calculator is to

add vat... x by 1.15 and you'll have the total.
minus vat.... / by 1.15

or even in head.... add 10%, half of that 10% is 5%, add the two which give 15%,

simples!
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Post Thu Jul 23, 2009 9:22 am

Hugh Potter wrote:simplest method by far with a calculator is to

add vat... x by 1.15 and you'll have the total.
minus vat.... / by 1.15

or even in head.... add 10%, half of that 10% is 5%, add the two which give 15%,

simples!


:lol1:
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Post Thu Jul 23, 2009 9:34 am

No your wrong Graeme - you're thinking of multiplying by .85 which is not the same as dividing by 1.15. Dividing by 1.15 will give an accurate figure of the pre-VAT amount. :cool:
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Post Thu Jul 23, 2009 10:57 am

Gary Birch wrote:as only yesterday my trainee was asking how to work it back

What do they teach them in schools these days? :banghead:

Your trainee should be telling you how to do it. :D
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Post Thu Jul 23, 2009 11:10 am

I know how to calculate the amount but when doing the vat books at the end of the quarter its handy when you've got a quick calculator to work across the columns.
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Post Thu Jul 23, 2009 12:08 pm

John Childs wrote:
Gary Birch wrote:as only yesterday my trainee was asking how to work it back

What do they teach them in schools these days? :banghead:

Your trainee should be telling you how to do it. :D


Not a lot that is useful in every day life John. Mind you when they finish at 2.30 pm with an hour for lunch and a 20 minute break in the morning there isn't much time left to actually learn anything is there?? :lol1:

Cheers

Gary

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