VAT Returns
Understanding VAT Returns VAT returns in Ireland can be a tricky process, but there are some tips and tricks that can make it a little
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Here we will answer your query to 40000 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 40000.
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The answer to 40000 plus VAT is 49200 .
Price | Rate | Gross Price | VAT Amount |
---|---|---|---|
40000 | 23% | 49200 | 9200 |
If you are adding Value Added Tax; then you need to multiply the price by (100 + VAT percentage). This is the price, including VAT (Gross value)
The formula for adding VAT To A Price;
T = P x (100 + VAT percentage)
Formula explained in this case;
The calculation;
T (49200) = 40000 x (100 + .23)