VAT Split 20%

Guide to calculating VAT when only the gross figure is known A common error, when given a gross (VAT inclusive) value, is to calculate the VAT as 20% of this figure. This is incorrect!!! The VAT is calculated on the net value (the figure before VAT) and is a much lower amount than the result you get…

Perfect preparation for my exams

I found the study materials very easy to read and digest. They gave me the perfect preparation for my exams as well as providing a broader understanding of bookkeeping in the world of business. The e-learning resources, such as the online practice tests and video tutorials, were great for consolidating my learning. My tutor always…