We have created an online VAT calculator for our site visitors. You can use it for free to calculate the VAT amount. Get instant results.
What is VAT?
VAT also known as Value Added Tax is a type of tax that is levied on goods and services by most businesses in the UK. It is also levied on some imported goods and services (read Wiki for more info.).
According to Gov.UK, on most goods and services, standard rate is 20%. However, on some goods and services, eg children's car seats and home energy, it is 5% and then, there are 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.
Our VAT calculator can be used to either add VAT to the figure entered or subtract VAT to leave the non-VAT amount. The results page breaks the figures down into the net amount, the VAT portion and the gross amount. Currently VAT is calculated at 20% net amount.