Updated on June 3, 2022
Use of a VAT Calculator: To calculate VAT, simply enter the gross sum, select the vat calculation procedure (include or exclude), tax percentage, and press the “Calculate” or “Enter” button.
The online VAT calculator is pre-set to calculate VAT in the United Kingdom.
How to calculate VAT
Excluding VAT from gross sum:
VAT calculation formula
This is the formula to use for calculating VAT without including any value for value added tax (VAT): divide the gross amount by 1.15 + the VAT percentage, then subtract the gross amount, multiply by -1 and round to the nearest value (including eurocents). Due to the fact that you can already see the VAT value before completing these actions, they aren’t required to be completed.
Adding VAT to net amount:
It’s a cinch. For example, if VAT is 15%, multiply the net amount by 1.15 if you want to know the gross amount. Alternatively, you can calculate the VAT value by multiplying the value by the VAT %.
- Read more about VAT tax on Wikipedia.
- Wikipedia.
