VAT Inclusive & VAT Exclusive | Calculation Examples

In this lesson, we explain what VAT is, and explain VAT inclusive and VAT exclusive amounts. We go through VAT calculation examples where we calculate VAT inclusive, VAT, and VAT exclusive using a formula.
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[@Cindy_africangoddess]

I'm writing my maths literacy paper 1 final exam tomorrow and I must say ,I was still confused until I watched this ,it was very helpful indeed ,thank you so much

[@Counttuts]

Glad it helped!

[@petruspetrus5626]

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[@yolisamrso9827]

You have grace to explain things clearly and accurately

[@piwwiey_berries1163]

The best summary for the calculation of VAT inclusive and VAT exclusive 👏👏👏

[@augustinadawodu9259]

Thank you so much for this detailed and simple tutorial. You made VAT Calculations easier for me. I often get confused but no more.

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VER HELPFUL I WAS CONFUSED BUT NOW I NAILED IT

[@yolandandabeni531]

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[@Siya_MJ]

I know VAT but I always confuse the inclusive and exclusive formulas, but your formula is so much easy... Thanks

[@abigailharicombe9932]

Brilliant!!! Thank you so much for that perfect explanation.

[@sandiso.extraincome2024]

This helped me so much, Thank you !

[@madhavdesai5397]

Thanks a lot, your video helped me to fix formula in my code for different Invoice calculations was very confusing until I see your video, very well explained & presented for any type of calculation required for VAT related calculations 👍

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Thank you so much for the explanation

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Very good and simplified explanation👌

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I've never done accounting in my life yet, you maketh it sound like A, B,C. :-) Thank you, thank you, Thank you.

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That formula makes things so easy,thank you

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[@5thgalaxytv734]

There is another part of the Accounting to the question where you must indicate with a cross x if the amount to the SARS increased or decreased.How do you determine this?

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[@miya-saint]

It's very helpful...but can't you make a video of VAT question and answers like example :revision paper based on VAT and so on...

[@muhammadakbar9049]

Hi. We are newly registered to UAE vat. Can we take input of vat paid against imports of goods in 2022 in our 1st vat return?

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Hello can you do gross margin calculation problems?

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.it all sinked in 😂❤

[@wags6069]

Thanks for your help

[@yolisamrso9827]

I have never been so clear

[@keturahmasilela4197]

At vat inclusive which one is the actual formula 115/100 or 115/15

[@andilemlalazi1176]

15/115

[@tshiamoleon4392]

❤️

[@thatomofolo452]

Back to school back to reality 🏃🏃‍♀️🏃‍♂️

[@evelynoabile3824]

Did u say there is way I can recover my 10000

[@BaroEnglishwithSoomaali123]

I think there is an error in 1000*115/100=1150
SEE ABOVE THE TAX AMOUNT IS MORE THAN THE SALES AMOUNT
The correct is 1000*15/115=130.5

[@Counttuts]

That is not correct, you may need to rewatch the lesson to understand the calculation.

[@BaroEnglishwithSoomaali123]

@@Counttuts why VAT inclusive ans. is 1150

[@Leo-Gaming360]

f

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