doing my expenses and it's too hot to use my brain

so what is the vat cost on a tenner's worth of fuel please?

as in i spent a tenner on diesel so how much is tax @15% and how much is not tax

thank you please

 

you have a brain?

 

Ł1.30 ish

 

Ł8.70 diesel and Ł1.30vat

 

tax @15% or VAT @15% ?

 

And you have courage?

All we need is someone with a heart and we can make a sequel to the bestest musical ever.

P.S dojj times it by 3 then divide by 23.

 

sounds about right, but if it's not the finance ladies will not pay me

the blokes bought something to eat as well so the bill looks a bit like this:

vat rate 15%
excl 9.29
vat 1.39
incl 10.68

so i'm not sure if the stuf he's bought to eat was taxable at a different rate or not so i'm just going with the 15% on the fuel at a tenner which is what he put in

so that would make it 8.61 without and 1.39 for the tax giving me a total of a tenner right?

 

!!!

 

Or you could just take your 10 and divide it by 1.15. Gives you the pre-vat total

 

or just multiply by 0.15

 

thats what i was going to say

 

but that gives me a differenat answer paddy

 

and it's a different answer for the other method as well

 

Paddys way gives you the VAT total Dojj

 

http://www.contractorcalculator.co.u...alculator.aspx

 

Thats wrong. That would give you 15% of the pre-vat total plus the vat!

 

his grub cost him 68p

if i take that away from the total excluding tax and then add the total tax it gives me a tenner
Ł9.29 - 68p + Ł1.39 = Ł10.00

 

I meant that the people dividing by 1.15 could then multiply their answer by 0.15 to get the VAT total Not just get the Cost of the item less VAT

ie

10 divide by 1.15 = 8.70

8.69 x 0.15 + 1.30

 

talk of the devil, i've just had an email from finance to tell me who to send the forms to

i think they have spies in the it department looking at what we do

 

Ah, i see. I thought you were saying to multiply the 10 by 0.15

 

This is the way i'd do it.