ABOUT VAT CALCULATOR UK
Welcome to VAT CALCULATOR UK. This website was created for only one purpose. In order to guide every people finding the right VAT amount on your goods and services. We haven’t been able to find a good tool that can help users from UK to assist them with VAT Calculations. This tool is helpful for every individual from normal customers to business owners.
VAT is a VALUE ADDED TAX on goods and services which is provided by most business in UK. This also applies to goods and services that are imported outside of the European Union. For VAT Information you can go to official website at the government of uk
WHAT IS THE USE OF THIS VAT CALCULATOR?
Various features have been added to this tool to make your life easier. We have provided a user input box where one can enter the amount. After entering the amount you can change the vat percent. Although, it is not recommended. The usual vat rate in the UK is standard 20%. You will provide results based on three factors.
- Norma VAT amount
- Added VAT amount
- Deducted VAT amount
Things this calculator provides User with.
- TOTAL VATE ON AMOUNT
- TOTAL AMOUNT WITH VAT ADDITION
- TOTAL AMOUNT WITH VAT DEDUCTION
TOTAL VAT ON AMOUNT:
Tota Vat on Amount helps to know how much VAT you are going to be levied with.
TOTAL AMOUNT WITH VAT ADDITION
This will add your actual amount with the added VAT.
TOTAL AMOUNT WITH VAT DEDUCTION
This will deduct your actual amount with the resultant VAT.
RECENT CHANGES IN VAT RATE
|Year||The standard rate of VAT in UK ( UNITED KINGDOM )|
|1973 t019 74||10 percent|
|1974 to 1979||8 percent|
|1979to 1991||15 percent|
|1991 to 2008||17.5 percent|
|2008 to 2009||15 percent|
|2009to 2011||17.5 percent|
|2011 to Current||20 percent|
You can sign in to your VAT account by going here. This is the official sign-in location for a vat account in the UK.
To deal successfully in the United Kingdom, you have to know everything about taxes and additional payments you are obliged to pay by law. VAT is the most important one. To plan your business activity or even your family budget, you have to take into account the amount of a value-added tax (VAT).
UK VAT calculator will help you to find out how much VAT would cost you or how much it would you have to pay. You have to be attentive and choose the correct way to calculate VAT amount: put a tick opposite the line “Inclusive of VAT?”, if the initial sum includes Value Added Tax (and you don’t put a tick there if the input amount doesn’t include VAT tax). As a result, the calculator will show you the VAT amount and the general amount.
As you see, using the VAT calculator is very quick and easy. It is a great tool for those individuals, who like to be accurate and exact in their calculations, who like to know how they spend their money and who want to forecast their future budget, expenditures, and profits.
How to add VAT to a price? The current VAT rate in the United Kingdom at the moment is 20%. If you want to calculate the gross amount with another VAT rate, you simply have to change the numbers in the line “VAT rate” of the formula.
To begin your calculations you have to find out the multiplier first. To do that you need to divide your VAT rate by 100. Then add 1 to the sum you’ve received. This final number is your actual multiplier.
To know more about VAt you can go to what is vat?
How to deduct 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 20%. This rate is used in the UK. But if you want to calculate the net price with another rate, you simply 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.