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how to automatically calculate vat in excel. To calculate VAT you will need to multiply the quantity by the tax percentage converted to a decimal for example 21 tax is 021 4 is 004 VAT price without tax 021 This will give us the amount of tax that will need to be added to the initial price to find out the final cost. We will put on cell F13 the result of price Taxes.
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However we only want to do this if the VAT Rate in Column B is 20. Just right-click on a cell that contains a decimal or a row or column full of such cells and select Format Cells. To calculate VAT you will need to multiply the quantity by the tax percentage converted to a decimal for example 21 tax is 021 4 is 004 VAT price without tax 021 This will give us the amount of tax that will need to be added to the initial price to find out the final cost.
When the Excel Options dialog box opens select Formulas from the list of options on the left.
Use the tool AutoSum and select the cell to add. Enter the formula SUM D13. On the Excel ribbon go to the Formulas tab Calculation group click the Calculation Options button and select one of the following options. Because of the way Excel handles percentages it sees 120 and 12 as exactly the same value.
