VAT Calculation in a fast and easy way. Input states VAT rates, include or exclude VAT, and calculate the gross amount. Subtract the VAT backward to calculate the net amount with the tax reverse formula. Find more VAT, Sales Tax, and GST-free online calculators by country here Also now you can calculate your take home Pay using our tool.
VAT Calculator User Guide
Welcome to the VAT Calculator Tool! Follow these steps to use the calculator:
- Input the total amount in the “Enter Amount” field.
- Enter the applicable VAT percentage in the “Enter VAT Percentage” field.
- Click on the “Add VAT” or “Exclude VAT” button to perform calculations.
Addition of VAT
VAT, or Value Added Tax, is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. It’s a form of indirect tax.
Addition of VAT:
To calculate the value including VAT:
1. Multiply the value by 1 + VAT Percentage.
2. For example, if the VAT rate is 20% (like in the UK), you would do value X 1.2.
3. For instance, £150 value X 1.2 = £180, This is the amount including the VAT.
Removal of VAT
VAT can be removed or reclaimed by businesses in certain circumstances, such as exportation or when the product or service is exempted from VAT.
Example of Removal of VAT:
To calculate the amount excluding VAT:
1. Divide the amount by 1 + VAT Percentage.
2. For example, if the VAT rate is 20% (like in the UK), you would do amount / 1.2.
3. For instance, £180 amount / 1.2 = £150, this is the amount excluding VAT.