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VAT is 20%      

 

If the VAT is £31.31 what is the net or gross price?

 

Thanks

 Oct 18, 2019
 #1
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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

 Oct 18, 2019

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