This worksheet is to calculate a ballpark estimation of VAT on your program expenses. Use only one currency throughout.
Please note that this estimator makes the following assumptions:
- Your supplier has quoted costs as inclusive of VAT. The purpose of this estimator is to back out the inclusive VAT. Some suppliers may quote costs “plus VAT” which should not be included here.
- This estimate is only as good as the numbers you input.
- This estimate covers only the major expense categories.
- This estimate does not deduct our fee.
In the UK, DMC VAT is not refundable unless a VAT invoice is issued. Only enter values in these fields for the services you have booked directly if your DMC does not issue VAT invoices.