Hi Guys
There are numerous pages on the web helping with VAT calculations but I for an inexplicable reason cannot get my head round what I need to do. I will keep on working on it but as a last resort am turning to you guys. I have trawled through the posting. I am sure what I need is here but can’t find it. I had done calculations last year as are in “Transactions” but they are very clunky and use minus.
The sheet I am using is called “BDC2”
I want to calculate from the gross amount the vat.
The gross can be a minus number so I am using ABS to keep it all positive but in different columns.
I want to use what I am calling VAT_Multiplier table to chose the Vat. I have also shown the vat on the page so anyone looking can see it. I have 3 rates. Zero Standard = 20% and Reduced =5%.
The column length will vary as the rows are payments on an account per period.
This is not rocket science but I cannot get the answers correct.
I am given the gross amount and from the category the rate is entered. From these I need
Net – Vat amount Debit and Credit. In columns T - W.
Thanks in advance
Mark.
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