UK Flat Rate VAT

[Maf. King]

On Monday, 6 June 2016 11:32:44 BST Stuart Walsh wrote:

> 
> I tried doing it as a tax, but because the flat rate VAT due is a percentage
> of the amount *including* tax, and I’m entering the amount excluding tax, I
> couldn’t work out how to do it.

Hi,

I haven't crunched any numbers to test this out,  but I should have thought 
that 13% of  inc-vat price when you only know ex-vat  would be a formula 
something like:

FlatRateTaxDue = Nett x 1.2 x 0.13  (take nett, add 20% then find 13%)

0.02
Maf.