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stowfelda | 23:28 Tue 24th Oct 2006 | Business & Finance
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What is the V.A.T on �3,500please?
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If you mean �3500 + VAT - the VAT is �612.50

If you mean �3500 including VAT - the VAT is �521.28
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Thanks very much, oneeyedvic, for your answer. Not very good at percentages (thick!!). Thought it was about this amount (plus VAT) but wanted someone else's confirmation. Good of you, thanks.
I used to divide figure by 47, and then multiply answer by 7. to find out how much vat was included in figure.
If you have that much money , go out an buy a calculator, they are about 3 quid

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