Add VAT to a price, or find the price before VAT in an amount that includes it. Rounded the way an invoice rounds it.
Enter an amount, such as 1250.50
%
United Kingdom: standard rate 20%
Excluding VAT
£1,000.00
VAT(20%)
£200.00
Including VAT
£1,200.00
How it is worked out
VAT = amount excluding VAT × 20%
Amount including VAT = amount excluding VAT + VAT
Amount excluding VAT = amount including VAT ÷ 1.20
For example, £100.00 excluding VAT at 20% is £20.00 of VAT: £120.00 including VAT.
Amounts are rounded to the currency’s smallest unit, as on an invoice, so the VAT and the amount excluding VAT always add up to the amount including VAT.
For information only, not tax advice: check the rate that applies with your accountant or tax office.
Put it on an invoice
Foliofa Invoice Maker adds the VAT on every line for you, in your currency and your country’s format, and sends the invoice as a PDF or on WhatsApp.