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£76.49 plus VAT at 20%?

VAT Calculator (Add VAT)? This script calculates the 'Final Price including VAT' and the 'VAT value' to be added. Input the 'Price excluding VAT'. Input the 'VAT Rate' (%). Please, check the value of VAT in other sources to ensure that it is the correct value. We can not guarantee its accuracy. See also the Reverse VAT Calculator (Exclude VAT) on this page.

Inputs

Price excluding VAT (£): (Net price)

VAT Rate (%): (%)

Results

Final Price including VAT (£):

VAT (£):

Note: all rates are for educational purposes only.

Reverse VAT Calculator (Exclude VAT)? This script calculates the 'Price excluding VAT' and the 'VAT Value' being charged. Input the 'Final Price including VAT' (price with VAT added on). Input the 'VAT Rate (%)'. Please, check the value of VAT in other sources to ensure that it is the correct value. We can not guarantee its accuracy. See also the VAT Calculator (Add VAT) on this page.

Inputs

Final Price including VAT (£):

VAT Rate: %

Results

Price excluding VAT (£):

Tax (£):

Note: all rates are for educational purposes only.

European Member States VAT Chart

Important Note: The table below is for information only. You should previouly know the values applied to your situation before using our calculator.

To get detaled information on VAT (Value-Added Tax), please visit: TAXATION AND CUSTOMS UNION

Country Super Reduced Rate (%) Reduced Rate (%) Standard Rate (%)
United Kingdom - 5 20
Austria - 10 / 13 20
Belgium - 6 / 12 21
Bulgaria - 9 20
Croatia - 5 / 13 25
Cyprus - 5 / 9 19
Czech Republic - 10 / 15 21
Denmark - - 25
Estonia - 9 20
Finland - 10 / 14 24
France 2.1 5.5 / 10 20
Germany - 7 19
Greece - 6 / 13 24
Hungary - 5 / 18 27
Country Super Reduced Rate (%) Reduced Rate (%) Standard Rate (%)
Ireland 4.8 9 / 13.5 23
Italy 4 5 / 10 22
Latvia - 5 / 12 21
Lithuania - 5 / 9 21
Luxembourg 3 8 17
Malta - 5 / 7 18
Netherlands - 9 21
Poland - 5 / 8 23
Portugal - 6 / 13 23
Romania - 5 / 9 19
Slovakia - 10 20
Slovenia - 5 / 9.5 22
Spain 4 10 21
Sweden - 6 / 12 25

VAT Rates for Goods and Services in UK

Rate % of VAT What the rate applies to
Standard 20% Most goods and services
Reduced rate 5% Some goods and services, eg children’s car seats and home energy
Zero rate 0% Zero-rated goods and services, eg most food and children’s clothes

Some things are exempt from VAT, eg postage stamps, financial and property transactions. European member states may reclassify goods to be with reduced or standard rated, and it is important to be aware of any changes that occur. This listing is produced for general guideline purposes only.

How to Work Out VAT - Step by Step

Learn how it works following these examples:

1) You buy a item for 76.49 pounds and pay 20 % (percent) in VAT. What is the VAT on it and what is the total price (including VAT)?

  • Firstly, divide the VAT Rate by 100: 20/100 = 0.2 (VAT Rate as a decimal). Note: to easily divide by 100, just move the decimal point two spaces to the left.
  • Now, find the VAT value by multiplying VAT Rate by the price excluding VAT:
    VAT = 76.49 × 0.2
    VAT = 15.3 (VAT Value rouded to 2 decimals)
  • Add VAT to the price excluding VAT to get the final price:
    The final price including VAT = 76.49 + 15.3 = 91.79

VAT Formula (Final Price)

Final price including VAT = price excluding VAT × (1 + VAT Rate (%) / 100)
or,
Final price including VAT = price excluding VAT × (1 + VAT Rate)
(tax expressed as a decimal)

2) You buy a product for 91.788 pounds with VAT included. You know that the VAT Rate at your state is 20%. What is the VAT value?

a) Price excluding VAT

  • Divide the VAT Rate by 100. A VAT of 20 percent was added to the product to make it equal to 91.788. So, divide 20 by 100 to get 0.2.
  • Add one to the percentage: 1 + 0.2 = 1.2.
  • Divide the final amount by the value above to find the original amount before the VAT was added. In this example: 91.79 / 1.2 = 76.49. This is the price excluding VAT.

b)VAT Value

  • The VAT Value is equal to the Final Price minus the Price excluding VAT, so,
  • VAT Value = 91.788 - 76.49 = 15.298.

VAT Formula (Price excluding VAT)

Price excluding VAT (£) = Final price / (1 + VAT Rate(%) / 100)
or,
Price excluding VAT (£) = Final price / (1 + VAT Rate)
(VAT expressed as a decimal)

Find more examples on how to work out VAT at the bottom of this page.