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Gross of vat and net of vat?
There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
Is net of vat is the same with vat inclusive?
vat exclusive
Can a vat vendor claim input vat on goods purchased from a non vat vendor?
Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.
What is the difference between vat exclusive and vat inclusive?
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
Is vat entered in the profit and loss account?
VAT is accounted for in the Balance Sheet if you have the right to claim VAT on purchases and liability to pay VAT on sales respectively i.e. if you are VAT registered. VAT on purchases is accounted for in the Profit and Loss (purchases are entered gross i.e inclusive of VAT) if you have no right to claim it i.e. if you are not VAT registered.
How do you calculate vat in south Africa working backwards ie you've got the total of R1250 what is the amount less vat?
1096.50
What is the difference between net price and gross price?
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.
How do you work out vat on a calculator?
From net figure: assume Vat rate=16% Vat amount=16/100*net figure from Gross figure Vat amount =16/116*gross figure
What is the birth name of Per Rands?
Per Rands's birth name is Per Rands Knudsen.
How much is 46080 dollas in rands?
482618 Rands.
How do you minus vat?
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
How much is two thirds of 5500 rands?
To find two thirds of 5500 rands, you multiply 5500 by 2/3. This calculation gives you approximately 3666.67 rands. Therefore, two thirds of 5500 rands is about 3666.67 rands.
How much is 10.50 dollar when you convert it to Rands?
110.44 Rands.
When did Leslie Rands die?
Leslie Rands died in 1972.
When was Bernard Rands born?
Bernard Rands was born in 1934.
How do you add V.A.T on excel 2007?
choose where you want to show the vat type = click on the cell you want to add vat to type +0.175* then click on the cell you want to add vat to example - =Z1+0.175*Z1 hope this helps (its a formula by the way!)
How do you work out 20 percent vat?
Multiply the total by 0.2
