This online calculator shows you how to calculate VAT with the net and gross amounts. It shows how much tax there is in a purchase to subtract for your accounts or the value you should add to an amount to produce the gross value.
Simply enter the net or gross value, and the form will automatically calculate the relevant values.
The current standard VAT rate is 20% and previous rates were:
There are some exceptions as noted below:
Businesses not registered for VAT should not charge it. You have to register if your turnover for the previous 12 months or 30 day period is over a certain threshold. The current threshold is £81,000.
Copy and paste the following code into your website and the widget as shown will appear on your site and work as it is here.
We host this calculator so it won't impact your web performance at all. If the rates ever change we simply update our code and your website will automatically have the changes too!
The code must appear exactly as it does above. Otherwise, it won't work.
If you like this widget, you may also like our mortgage repayment calculator widget that you can also add for free to your website.
If you have a gross amount and want to determine the net value then simply divide the gross value by 1.20 and this provides the value without VAT included. For example, an invoice that includes VAT totalling £150 would have a VAT amount of £25 and the net would be £125. This result is calculated by dividing £150 by 1.2 which gives the net value of £125 with the difference being the VAT at 20%.
If you have a figure you want to add VAT against, multiply by 0.20% to find the VAT value or 1.20 to find the gross value including VAT. For example, an invoice of £125 multiplied by 20% provides a VAT figure of £25.
The net amount is the value you use in your accounts for purchases and sales if you're a VAT registered company.
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