VAT Calculator
Enter amount in pounds
VAT Amount: £0.00
Total Amount: £0.00
What is VAT Calculator
A UK VAT calculator simplifies the process of calculating Value Added Tax (VAT) for goods and services.
What is VAT?
- VAT is a consumption tax on most goods and services in the UK.
- Added to prices at each stage of production and distribution.
Purpose of a VAT Calculator:
- Accuracy: Reduces manual errors in VAT calculations.
- Efficiency: Instantly shows VAT and totals.
- Business Use: Helps manage VAT returns and compliance.
- Consumer Use: Understand the VAT in purchases.
Key Features:
- Input net or gross amounts.
- Select VAT rate (20%, 5%, or 0%).
- Shows VAT and net/gross breakdown instantly.
How Does a VAT Calculator Work?
- Net Amount: Price excluding VAT.
- Gross Amount: Price including VAT.
- VAT Rate: Choose the correct VAT rate.
Enter what you know, and the calculator gives you the result in real-time.