VAT calculator

Author: Accountant CompassPublished Date: Last Update:

VAT Tax Calculator

Do you invoice your customers and need to know the VAT amount to charge? Use our easy VAT calculator on Daftar to determine the correct amount, no matter where your customers are located worldwide. Simply enter the desired amount, select the VAT rate, and choose whether to include the tax in the price or add it to the price, and the tool will calculate everything automatically.

VAT calculator usage

Simply enter the gross sum, choose vat calculation operation (include or exclude), tax percentage and press «Calculate» or Enter button to calculate VAT amount.

By default, the online VAT calculator rate is set for UK VAT calculation.

How to calculate VAT

  • 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.
  • Read more about VAT tax on Wikipedia.

Post a Comment

No comments

4485662549754317880

Bookmarks

Bookmark list is empty... Add your bookmarks now

    Search