AQA · Mathematics · 8300
GCSE Maths: Money: VAT
Ratio & Proportion · AQA GCSE Maths (8300). Cards are generated from the Corbettmaths practice questions and answers for Money: VAT (Corbettmaths Video 400), and every card links back to the exact page it came from. Practice tests generate fresh variations of these questions, so the numbers change every attempt. Source material © Corbettmaths — used with attribution.
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What is the standard rate of VAT in the UK?
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20%.
What reduced rate of VAT applies to a UK domestic gas bill?
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5%.
What single multiplier adds VAT at 20% to a price?
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× 1.2 (100% + 20% = 120%).
What is the total cost of an item priced £300 plus VAT at 20%?
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£360 (£300 × 1.2).
How much is the VAT on a £160 bill charged at 5%?
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£8 (£160 × 0.05).
How do you find the pre-VAT price from a price that includes VAT at 20%?
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Divide by 1.2 (the inclusive price is 120% of the original).
A television costs £480 including VAT at 20%. What is its price without VAT?
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£400 (£480 ÷ 1.2).
Dividing a VAT-inclusive price (VAT at 20%) by which integer gives the VAT paid?
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6, because the VAT is 20/120 = 1/6 of the inclusive price.
How much VAT is included in a £1497 price that includes VAT at 20%?
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£249.50 (£1497 ÷ 6, or £1497 − £1497 ÷ 1.2).
The standard rate of VAT in Germany is ?%.
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19
The standard rate of VAT in Ireland is ?%.
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23
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