Our free Online VAT Calculator is an essential tool for easily computing Value Added Tax. Whether you need to calculate a price inclusive of VAT, find the original price exclusive of VAT, or determine the exact VAT amount, our calculator makes the process quick and straightforward for businesses and consumers alike. Simplify your financial calculations today!
Formula:
Understanding the VAT Calculation
The Value Added Tax (VAT) is calculated based on the original price and the prevailing VAT rate. Here are the core formulas:
- To Add VAT:
VAT Amount = Price Excluding VAT × (VAT Rate / 100)Price Including VAT = Price Excluding VAT + VAT Amount - To Remove VAT:
Price Excluding VAT = Price Including VAT / (1 + (VAT Rate / 100))VAT Amount = Price Including VAT - Price Excluding VAT
Where:
- Price Excluding VAT: The original price of goods or services before tax.
- Price Including VAT: The final price after VAT has been added.
- VAT Rate: The percentage applied as Value Added Tax.
- VAT Amount: The monetary value of the tax itself.