Junior Cycle · Financial Maths
⏱ Tested in 1 exam question since 2025
Lesson 3 of 7
JCHL Financial Maths 3: VAT
This tutorial is for members
Read the lesson notes free below — subscribe to watch the full worked video and download the PDF.
Subscribe for full access · €199/yrYou’ll learn
- VAT (Value Added Tax) is a tax added on to the price of goods and services
- Adding VAT: the price you pay is the original price plus the VAT, so with 13.5% VAT you pay 113.5% of the original
- Going backwards: if you know the price WITH VAT, divide by 113.5 and multiply by 100 to get back to the price before VAT
Most recent exam questions
- 2025 Q3(b)
- 2025 Q3(c)
💬 Stuck on something in this lesson?
Send your question with this lesson’s name attached — you’ll get a reply by email.