Created%20by%20Mr.%20Lafferty

1
VAT
S3
Value added Tax
VAT means
Why do we pay it ?
To pay for NHS, bin collection, School education
etc
St. Andrews Secondary
What is the current percentage rate of VAT
17.5
2
VAT 17.5
S3
Value added Tax
VAT means
Example 1 How much will I pay for the computer
below ?
Step 1 work out VAT percentage
St. Andrews Secondary
Step 2 Total to pay is
3
VAT 17.5
S3
Value added Tax
VAT means
Example 2 Price of the Plasma TV is shown below
is excluding VAT. What is the total price I have
to pay.
Step 1 work out VAT percentage
St. Andrews Secondary
Step 2 Total to pay is
4
VAT 17.5
S3
Value added Tax
VAT means
Your turn Exercise 6 Page 65
St. Andrews Secondary