chesney-lowe
New Member
- Joined
- Aug 24, 2003
- Messages
- 1
Hello,
I need a formula to Gross up the value of Gift Vouchers to keep the Inland Revenue happy. It is for people on 40% tax or 22% tax.
I have a formula but do not know how to translate it into Excel.
The formula is:
Grossed-up Tax Value = Voucher value*100/60 (40%)
Voucher value*100/78 (22%)
Tax VoucherValue Grossed-up Value
40 £50 formula ?
Thanking you in anticipation,
E Chesney-Lowe
I need a formula to Gross up the value of Gift Vouchers to keep the Inland Revenue happy. It is for people on 40% tax or 22% tax.
I have a formula but do not know how to translate it into Excel.
The formula is:
Grossed-up Tax Value = Voucher value*100/60 (40%)
Voucher value*100/78 (22%)
Tax VoucherValue Grossed-up Value
40 £50 formula ?
Thanking you in anticipation,
E Chesney-Lowe