Hi everyone,

I was working on my internal bookkeeping today and I realized I’ve been recording all my equipment purchases with the tax included.

Now, I need to separate those numbers to get a clear picture of my actual spending versus my tax obligations. I know there’s a specific mathematical way to do this without just guessing the percentage, but I keep getting different results on my calculator.

It’s a bit embarrassing, but I’ve always struggled with percentages! Could someone please walk me through the correct reverse vat formula?

Thanks in advance.