Thread: Excel: Calculating VAT
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Old 07-04-2006, 11:05   #10
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Re: Excel: Calculating VAT
Nope.

Imagine if the net was £10, and VAT was 10%, then the total would be £10 + £1 = £11.

However £11 - 10% is £11 - £1.10 = £9.90 - not the same calculation.
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