The VAT Fraction

The VAT fraction of 7/47, is arrived at by converting the decimal fraction of 0.175/1.175 (see the post on Calculating the VAT) to the lowest whole numbers. 

7/47 is only the VAT fraction for standard VAT at 17.5%

If VAT is at 5%, the VAT fraction would become 1/21 (which is just the whole number equivalent of the decimal fraction 0.05/1.05)

If all this sounds too much like school-room maths, don’t worry, just trust me!

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2 responses to “The VAT Fraction

  1. help !!!

    What is the new fraction for VAT at 15%

  2. The new VAT fraction is 3/23.