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Tax Calculator Excel Sheet

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    Tax Calculator Excel Sheet

    Hello, Everyone. I am currently working on creating a VAT (Value Added Tax) calculator in Microsoft Excel as I'm tired of using online vat calculator websites and I've encountered a challenge with the formulas. I would appreciate some guidance to resolve the issue.

    Here's an overview of what I've done so far

    Column A: Item Descriptions
    Column B: Prices
    Column C: Quantities
    Column D: Total Prices (calculated by multiplying prices by quantities)
    VAT Rate:

    In cell E1, I have entered the VAT rate as a percentage (e.g., 20%).
    Formulas I've Used:

    In cell F2, I used the formula to calculate VAT for the first item:

    =B2*C2*E1
    In cell G2, I used the formula to calculate the total price including VAT for the first item:

    =B2*C2*(1+E1)

    While these formulas work for the first item, I am having trouble copying them down for the rest of the items. The cell references don't seem to adjust correctly.

    I have also calculated the subtotal by summing the total prices excluding VAT and the total amount including VAT by summing the total prices including VAT.

    I have formatted the cells for a clean appearance.
    Could someone please review my approach and formulas? Additionally, how can I ensure that the formulas adjust correctly when copying them down for multiple items?

    Thank you in advance for your assistance.

  2. #2
    Forum Moderator AliGW's Avatar
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    Re: Tax Calculator Excel Sheet

    Welcome to the forum.

    You need to anchor E1:

    =B2*C2*(1+E$1)

    There are instructions at the top of the page explaining how to attach your sample workbook (yellow banner: HOW TO ATTACH YOUR SAMPLE WORKBOOK). Screenshots are of little practical use as we cannot manipulate them.

    A good sample workbook has just 10-20 rows of representative data that has been desensitised. It also has expected results mocked up, worked examples where required, relevant cells highlighted and a few explanatory notes.
    Last edited by AliGW; 11-16-2023 at 03:56 AM.
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    Re: Tax Calculator Excel Sheet

    Thank you, Ali for the response. I just fixed the issue. Thanks again.

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    Re: Tax Calculator Excel Sheet

    Does anyone know of or have a link to an Excel spreadsheet? Something that has all the UK personal tax bands and allowances (ideally editable) where you then enter all our sources of income, salary, self-employed, capital gains, pension, interest, dividends etc. and can calculate the tax? Have tried making one, but calculation never quite matches results on websites with online calculators. The whole UK tax method appears wilfully complicated! Things like working out the savings allowance can only be done after working other income, but personal allowances have to be applied to other income before savings income, etc. So you go round in a loop. I'm sure someone must have set out a nice simple Excel file that calculates the tax in logical steps somewhere? Help! Thanks.
    Last edited by AliGW; 12-11-2023 at 07:09 AM. Reason: Please do NOT quote unnecessarily! Use the QUICK REPLY button instead.

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    Forum Moderator AliGW's Avatar
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    Re: Tax Calculator Excel Sheet

    Administrative Note:

    We are happy to help, however whilst you feel your request is similar to this thread, experience has shown that things soon get confusing when answers refer to particular cells/ranges/sheets which are unique to your post and not relevant to the original.

    Please see Forum Rule #1 about hijacking and start a new thread for your query.

    If you are not familiar with how to start a new thread see the FAQ: How to start a new thread

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