Net or gross

[tinyjo]

This is really bugging me at the moment, because I'm working on finance interfaces and everyone seems to have a different answer. As far as I can tell on the net, I'm right, but I thought I'd see what you lot think.

[Poll #84843]

In this case, the specific tax in question is VAT.

Update: looking through some computer mags in the kitchen while making tea shows that actually, it's so unclear that no-one uses it for VAT - they all say inc VAT or exc VAT.

Comments

Re: Confused

[tinyjo.livejournal.com]

Net does go with gross, and when you're thinking of deductive taxes then it is the lower of the two - e.g. you have your gross wages before income tax etc and your net wages after. But what I didn't think was clear from that definition was what happened with additive taxes like VAT. Does the net bit mean the lower of the two figures (i.e. not including VAT) or the figure including all tax?