Question : Calculating VAT

Hello there
i am trying to get a formula to calculate vat. what the formula should do is that whne i enter amount which includes vat and tab on to the next field the formula should automactically calculate the amount exc vat and the vat price. please help me anyone

Answer : Calculating VAT

Just register one type of amount and use in queries and on forms the calculation like:
SELECT AmountIncludingVAT, [amount]/((100+7)/100) AS ExAmount, [ExAmount]*((100+7)/100) AS [InAmount]
FROM Table1;

In a form field use for getting the ex value:
=[amount]/((100+7)/100)

Best probably to store the VAT percentage in a global variable or table, thus making a change easy.
Most flexible (but hardest to use) will be to have a table with the tax rate and the date when it started, thus allowing historical calculations when the VAT rate changes...

Nic;o)