Friday 28 November 2008

New UK VAT Calculation - 17.5% to 15%

This is as much for my memory as anything else, but I'm sure there are one or two of you out there having to tweak a load of code for the VAT change (Thanks Darling).

Old Calc = Gross * 7 / 47 = VAT amount
New Clac = Gross * 3 / 23 = VAT amount

5 comments:

Anonymous said...

ahh your a life saver!!! Am at work and googled new 15% VAT calculation and your blog link appeared with the answer! Thank you : )
x x

Anonymous said...

As above, you saved my month end!

Anonymous said...

Many many thanks. Having used the 7/47 calculation for so long I'd be lost without the new 3/23.
Life saver indeed- cheers!

Anonymous said...

Thank you so much just saved my life as well

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