VAT on 27.99 pounds

You can use our tool to calculate the final price or discover how much VAT is in an product. Just choose one of the calculators below.

Inputs:

Price excluding VAT (£): (Net price)

VAT Rate (%): (%)

Results:

Final Price including VAT (£):

VAT (£):

Inputs:

Final Price including VAT (£):

VAT Rate: %

Results:

Price excluding VAT (£):

Tax (£):

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.

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

CountrySuper Reduced Rate (%)Reduced Rate (%)Standard Rate (%)
United Kingdom520
Austria10 / 1320
Belgium6 / 1221
Bulgaria920
Croatia5 / 1325
Cyprus5 / 919
Czech Republic10 / 1521
Denmark25
Estonia920
Finland10 / 1424
France2.15.5 / 1020
Germany719
Greece6 / 1324
Hungary5 / 1827
Ireland4.89 / 13.523
Italy45 / 1022
Latvia1221
Lithuania5 / 921
Luxembourg3817
Malta5 / 718
Netherlands621
Poland5 / 823
Portugal6 / 1323
Romania5 / 919
Slovakia1020
Slovenia9.522
Spain41021
Sweden6 / 1225

How to Work Out VAT - Step by Step

Learn how it works following these examples:

1) You buy a item for 27.99 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 = 27.99 × 0.2
VAT = 5.6 (VAT Value rouded to 2 decimals)
• Add VAT to the price excluding VAT to get the final price:
The final price including VAT = 27.99 + 5.6 = 33.59

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 33.588 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 33.588. 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: 33.59 / 1.2 = 27.99. 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 = 33.588 - 27.99 = 5.598.

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.