P Paddy D Guest 23 Mar 2009 #1 Hi , i am a sole trader and will be vat registered soon, question is If i buy a product at €121.5 inc vat (100 plus 21.5%) And i wish to put on a €15 margin Do i add my vat to €115 (100ex vat plus margin) or to €135.5 (100 plus vat plus margin) ?? Thanks
Hi , i am a sole trader and will be vat registered soon, question is If i buy a product at €121.5 inc vat (100 plus 21.5%) And i wish to put on a €15 margin Do i add my vat to €115 (100ex vat plus margin) or to €135.5 (100 plus vat plus margin) ?? Thanks
J jasconius Registered User Messages 217 23 Mar 2009 #2 In my book Paddy, I would exclude purchase Vat from the calculations: So selling price would be (100+15) x 1.1215 = 139.73 Keep your receipts which should ideally have your name on them
In my book Paddy, I would exclude purchase Vat from the calculations: So selling price would be (100+15) x 1.1215 = 139.73 Keep your receipts which should ideally have your name on them