VAT is 20%
If the VAT is £31.31 what is the net or gross price?
Thanks
31.31 / 20% = 156.55 - net price before 20% VAT.
156.55 x 1.20 =187.86 - gross price after 20% VAT.
187.86 - 156.55 = 31.31 - The VAT