For when the VAT rate was 17.5%, to get the amount before VAT you needed to divide by 1.175
Now the UK VAT rate is 20%, you need to divide by 1.2
Example:
If the price before VAT was £100, and VAT is 20%, then the price after VAT is £120.
So to work it out backwards: If you know the price after VAT is £120 and you want to know the price before VAT: £120 divided by 1.2 = £100
Hope that helps.
The difference between net price and gross price is that gross price refers to the total cost while net price refers to the cost after deducting expenses. Expenses can be operating costs and such.
Gross price-expenses=net price
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
vat inclusive- Gross price (price after adding tax)vat exclusive-net price (price before adding tax)
Gross = Before TaxesNet= After Taxes
The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax deductions
JLJLHLHLHIIH
The gross price would be the price before deductions. The net price is after deductions.
is net invesment = gross investment - depreciation
well there is no difference
What is the difference in Net and gross pricing in construction?
what is your dads name
As far as my knowledge goes, the difference between net and gross values is that the gross value is the value before deductions, while net is basically after deductions from your gross value. Hope it helps!