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mas112
Level 2

Blue dot VATBox

Blue dot VATBox identifies and calculates any eligible and qualified VAT spend. Optimise, manage, and analyse your company’s global and local VAT recovery processes while identifying unclaimed returns and avoidable costs

  • Benefit from a breakdown of your invoices and VAT reclaims, and gain an in-depth overview of all VAT reclaim statuses
  • Easily navigate to the different sections of the VATBox Portal to gain insight into your transactional data and VAT submissions
  • Exploit the available business applications to optimise and increase your VAT recovery potential
The Value-Added Tax (VAT) Calculator can determine a price before VAT, a VAT rate, or a price that is VAT inclusive.
vat calculator
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colleencamacho5
Level 2


@mas112 wrote:

Blue dot VATBox identifies and calculates any eligible and qualified VAT spend. Optimise, manage, and analyse your company’s global and local VAT recovery processes while identifying unclaimed returns and avoidable costs

  • Benefit from a breakdown of your invoices and VAT reclaims, and gain an in-depth overview of all VAT reclaim status
  • Easily navigate to the different sections of the VATBox Portal to gain insight into your transactional data and VAT submissions
  • Exploit the available business applications to optimise and increase your VAT recovery potential

Sometimes, in your business dealings, you'll need to figure out how to calculate VAT from the gross price or VAT inclusive amount. This is otherwise known as calculating VAT 'backwards'. If you have a gross price and need to figure out which portion is VAT, you can use the following formula: Divide gross sale price by 1 + VAT rate For example, if the applicable standard VAT rate is 20%, you'll divide the gross sales price by 1.2. If the applicable VAT rate is 5%, you'll divide the gross sales price by 1.05. Let's look at a real-life situation. Say you buy a desk for your business at a total price of £120. This will attract 20% VAT. So, £120 ÷ 1.2 = £10 VAT.

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