 # VAT Calculator

## How to work out VAT

Only 2 easy steps to calculate VAT online

2 The default tax set 20%, but you can change to whatever rate applied to your country.

### Get VAT exclusive price form VAT Inclusive Price(Substract VAT)

VAT, or Value Added Tax, is applied to most goods and services. In the UK, the standard rate is currently 20% and it will change based on the countries. In some countries there will be multiple VAT rates based on the categories.

• Excluding VAT from gross sum: VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents). The last two operations are not mandatory since you see the VAT value even before you do them.
• Adding VAT to net amount: Simply multiply the net amount by 1 + VAT percentage (i.e. multiply by 1.15 if VAT is 15%) and you'll get the gross amount. Or multiply by VAT percentage to get the VAT value.

### Instructions to the VAT Calculator form

• Use the first form to get the price with VAT
• Enter the exclusive price to the price field and while you typing the inclusive price will populate in the field.
• Use the second form to remove the VAT from a price
• Enter the VAT inclusive price in the field and get the VAT exclsive price and what is the VAT rate