an aston martin vanquish costs £100,000. if i had to pay VAT (value added tax) on top of this it will cosy me 17% more! how much money am i paying in tax?work it out

Mathematics · College · Tue Nov 03 2020

Answered on

Aston martin vanquish cost = £100,000

VAT = 17%

So, we have to find 17% of £100,000

17% = £100,000/100 * 17%

        = £17,000 

 

Thus, value added tax is £17,000 .