There are three rates of VAT. The rate to be charged by the business is predetermined based on the item that is being sold or the service being offered. The rates are:
How do I calculate VAT? Use the attached document below to calculate gross to net and net to gross VAT amounts. To download a copy click on the button labelled Calculating VAT.xlsx.
Register or Login to add this article to your reading list.
Copyright © 2018. All rights reserved.