VAT Calculator

Advanced VAT Calculator With Multiple Result Option At The Same Time. After Entering Your Amount This Calculator With Calculate The Standard UK Rate of 20% Also With That It Will Give You a 5% VAT Rate Result And Differentiate The 20% And 17% VAT Rate Result. You Just Need To Enter Amount Or Net Amount It Will Automatically Calculate All Your Add VAT And Remove VAT Results. And If You Are From Another Country You Can Also Calculate Your VAT Just By Giving Your Country VAT Rate Don't Worry About The Symbol Of Pound Sterling There In Inputs Ignore That If You Are From Any Other Country The Same Accurate Result Will Be Yours Too.

What is VAT?

Value Added Tax (VAT), is the amount that will be added and removed to your net or real amount, in products, services, or goods by UK businesses. There are 2 things in VAT, Add Tax and Remove Tax from or to the Net amount. A business must go for registration for VAT once the all sales increase and exceed almost £67000 in a year,

Value-added Tax - How To Calculate VAT

In this operation, a specif amount at the specific tax rate is being added to your net amount. added amount = Step 1: vat rate + 100
Step 2: (net amount / 100) * Step 1
exp: 20 + 100 = 120
(500 / 100) * 120 = 600 Gross Amount
The Value ( 600 ) is your gross amount which included a 20% tax rate.
In this Calculation :
Your Net Amount: 500
Tax Rate: 20%
Tax Amount: 100
Your Gross Amount: 600

Removed VAT Value

In this operation, a specif amount at the specific tax rate is being removed from your net amount. removed amount = Step 1: vat rate + 100
Step 2: (net amount / Step 1) * 100
exp: 15 + 100 = 115
(600 / 115) * 100 = 521.73 Gross Amount
The Value ( 521.73 ) is your gross amount which excluded the 15% tax rate.
In this Calculation :
Your Net Amount: 600
Tax Rate: 15%
Tax Amount: 78.27
Your Gross Amount: 521.73

20% Is Standard Rate In UK NOW

The Standard Rate In the UK Increased From 17.5% To 20%. The Rate Was Increases On 4 Jan 2011. 5% Reduced Rate Is On Some Goods and services Such as Home Energy And On children’s Car Seats. While Zero Rate 0% Is On Some Service And Products, Services Like Health, And Products Like Kid's Clothing Etc.

0% Zero-rated items

Newspapers, Books
Helmets Of Motorcycles.
Food But Not In restaurants
Public transport, Children's Shoes, And Clothing.
Some Of The Goods Which You Export To A Country Outside The United Kingdom.

Reduced Rate 5% Items

Building Or Housing conversions
Installment of (Energy-saving materials)
Fuel And Power (Domestic Level)
Car Seats Of Children's

VAT Exempted Items

Membership Organisations Subscriptions
Charities Fundraising Events
Services Of Providing credit and Insurance
Few Training And Education