Add VAT to a price or take it out of a total, at any rate. Net, VAT and gross, exact to the penny.
Net
£100.00
VAT at 20%
£20.00
Gross
£120.00
VAT is rounded to the nearest penny; net and VAT always add up to the gross.
Add VAT to a price or take it out of a total, at any rate. You see the net amount, the VAT and the gross amount to the penny, and the three always add up exactly.
01
Add or remove VAT
Start from a price before VAT, or from a total that already includes it.
02
Any rate
The UK's 20%, 5% and 0% rates are one tap away, and any other rate works too.
03
Exact to the penny
VAT is rounded to the nearest penny and the net and VAT always add up to the gross.
04
Copy the working
One click copies the sum, ready for a quote, an invoice or an email.
- 1
Choose add or remove
Add VAT to a net price, or remove it from a total you've been charged or quoted.
- 2
Pick the rate
Use the standard rate unless the goods or services qualify for a reduced or zero rate.
- 3
Use the figures
Copy them into your invoice, or keep your invoices in Zelvorm Books, which does the sums for you.
Figures that add up
Net plus VAT equals gross to the penny, which is what your invoice and your VAT return need.
Check the rate
Some goods and services use reduced or zero rates. If you're not sure, check HMRC's guidance or ask your accountant.
Not VAT registered
If your business isn't VAT registered, you mustn't charge VAT or show it on invoices.
A VAT figure that's a penny out on an invoice, or a total that doesn't match the quote, makes clients query bills and makes your VAT return harder to reconcile. Doing the sum the same way every time, to the penny, avoids both.
About the VAT calculator.
Divide the total by 1 plus the rate. At 20%, divide by 1.2 to get the net amount; the VAT is the difference. This calculator does that when you choose Remove VAT.