# VAT question

F

#### Fred

question!

I have bought quite a lot of stuff in dribs and drabs locally for which I
get totalled receipts. Although they show VAT number and one can reasonably
assume they are for VATable items, can I split the amounts myself into VAT
and non-VAT elements?

R

#### Robert Killington

Probably a silly question!

I have bought quite a lot of stuff in dribs and drabs
locally for which I get totalled receipts. Although they
show VAT number and one can reasonably assume they are for
VATable items, can I split the amounts myself into VAT
and non-VAT elements?
Yes. You extract the VAT by applying the VAT fraction.
Multiply the tax inclusive amount by 7, divide by 47. The

Best wishes

Robert Killington
visit www.vatark.co.uk
for help with VAT

To e-mail me please do so via my web site.

F

#### Fred

Robert Killington said:
Yes. You extract the VAT by applying the VAT fraction.
Multiply the tax inclusive amount by 7, divide by 47. The

Best wishes

Robert Killington
visit www.vatark.co.uk
for help with VAT

To e-mail me please do so via my web site.
Many thanks. I feel I was being a little pedantic but needed to satisfy my
concern.