1 / 4

VAT

S3. VAT. Value added Tax. VAT means :. Why do we pay it ?. To pay for NHS, bin collection, School education etc……. St. Andrew’s Secondary. What is the current percentage rate of VAT. 17.5%. £1000 + VAT. S3. VAT means :. Value added Tax. Example 1

brent
Download Presentation

VAT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. S3 VAT Value added Tax VAT means : Why do we pay it ? To pay for NHS, bin collection, School education etc…… St. Andrew’s Secondary What is the current percentage rate of VAT 17.5% Created by Mr. Lafferty Maths Dept

  2. £1000 + VAT S3 VAT means : Value added Tax Example 1 How much will I pay for the computer below ? VAT – 17.5% Step 1 : work out VAT percentage St. Andrew’s Secondary Step 2 : Total to pay is Created by Mr. Lafferty Maths Dept

  3. £1299 (excluding VAT) S3 VAT means : Value added Tax Example 2 Price of the Plasma TV is shown below is excluding VAT. What is the total price I have to pay. VAT – 17.5% Step 1 : work out VAT percentage St. Andrew’s Secondary Step 2 : Total to pay is Created by Mr. Lafferty Maths Dept

  4. S3 VAT means : Value added Tax VAT – 17.5% Your turn Exercise 6 Page 65 St. Andrew’s Secondary Created by Mr. Lafferty Maths Dept

More Related