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Published byMalcolm Gordon Modified over 9 years ago
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Created by Mr. Lafferty Maths Dept VAT St. Andrew’s Secondary S3 Value added Tax Why do we pay it ? VAT means : To pay for NHS, bin collection, School education etc…… 17.5 % What is the current percentage rate of VAT
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Created by Mr. Lafferty Maths Dept VAT – 17.5% St. Andrew’s Secondary S3 Value added Tax Example 1 How much will I pay for the computer below ? VAT means : £1000 + VAT Step 1 : work out VAT percentage Step 2 : Total to pay is
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Created by Mr. Lafferty Maths Dept VAT – 17.5% St. Andrew’s Secondary S3 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 means : Step 1 : work out VAT percentage Step 2 : Total to pay is £1299 (excluding VAT)
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Created by Mr. Lafferty Maths Dept St. Andrew’s Secondary S3 Your turn Exercise 6 Page 65 VAT – 17.5% Value added TaxVAT means :
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