VAT Calculator - Add or Remove VAT
VAT Calculator (UK)
Add or remove VAT from an amount using standard or custom rates.
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Understanding UK VAT
Value Added Tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.
Standard Rates
In the UK, the standard VAT rate is currently 20%. Some goods and services have a reduced rate of 5% or are zero-rated.
Logic & Formulas
Adding VAT:
Total = Amount * (1 + (Rate / 100))
Removing VAT (Calculating backwards):
Net = Amount / (1 + (Rate / 100))
Note that removing 20% VAT is not the same as taking 20% off the gross price. You must divide by 1.20 to find the original net value.