Currently Being ModeratedAug 31, 2013 2:27 AM (in response to robin lewis)
Currently Being ModeratedAug 31, 2013 2:58 AM (in response to robin lewis)
If I'm readng your headers correctly, column C shows the price including VAT. In column G, you are calculating 30% of that amount, and your header indicates that this is a tax (separate from the VAT). If this calculation is correct, then you are paying a 30% tax on the base price of the item AND a 30% tax on the VAT on that item.
Is that correct, or should the 30% tax apply to the price of the item prior to VAT being added?
Currently Being ModeratedAug 31, 2013 3:13 AM (in response to Barry)
The 30% tax cells are basically telling me how much I have put aside for tax out of the Total of every invoice. this way I make sure that I get a nice bonus at the end of the tax year. the acutal tax figure is on a diffrent collum.
thanks for noticing though that could have been a mistake worth fixing :-)