VAT calculator helps you to find out the VAT inclusive amount of a certain amount.
What Is Value-Added Tax (VAT)?
Value-added tax is added to a product at every point of the supply chain where value is added to it. As such, a VAT is added from the initial production of goods and services to the point of sale. Not all countries impose a VAT on goods and services, including the United States.
VAT, or Value Added Tax, is applied to most goods and services. In the UK, the standard rate is currently 20% and it will change based on the countries. In some countries there will be multiple VAT rates based on the categories.
- Excluding VAT from gross sum: VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents). The last two operations are not mandatory since you see the VAT value even before you do them.
- Adding VAT to net amount: Simply multiply the net amount by 1 + VAT percentage (i.e. multiply by 1.15 if VAT is 15%) and you'll get the gross amount. Or multiply by VAT percentage to get the VAT value.
Instructions to use the VAT Calculator form
This tool gives a simple interface to calculate the VAT, and without VAT prices.
- Use the first form to get the price with VAT
- Enter the VAT excluded price to the price text box and while you typing the inclusive price will populate in the last textbox.
- Use the second form to remove the VAT from a price
- Enter the VAT inclusive price in the textbox and get the VAT excluded price and alos the VAT rate.