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
llm
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 .