VAT calculator
How to take VAT offHow to take VAT off a price? If you want to find out the net price with the help of VAT calculator, you need to use the current VAT rate, which is 17.5%. This rate is used in the UK. But if you want to calculate the net price with another rate, you simple change the VAT rate in the proper field. Primarily you have to find a divider. To find it you need to divide your VAT rate by 100 and then add 1 to the final number. This is your divider. Now your gross price has to be divided by the divider you’ve found. For example your gross price is £20 and the divider is 1.175. So you have to do following things to find the net price: £20 / 1.175 = £17.02 See also, how to add VAT to the net amount. See also: |
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