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What is wrong with my mathematical calculation?

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I am cross checking the percentage rate used as follows:

F8: Value excluding VAT e.g. 1180

G8: VAT paid/received e.g. 180

H: VAT Percentage which I formulated as =G8/F8*(1+G8/F8)

The result is 17.58%, rather than 18%, whereas if I work the other way round 1000 * 1.18 = 1180, therefore I am not sure what is wrong with my proportions, can you help me with the right formula please?

 

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