Work out VAT in seconds. Add VAT to a net figure or remove VAT from a gross figure at the UK standard rate, the reduced rate, or any custom rate you like. No sign-up, no fuss.
Choose whether to add or remove VAT, enter your amount and rate, and the net, VAT and gross figures update as you type.
UK VAT rates are 20% standard and 5% reduced. Some goods and services are zero-rated or exempt. This tool is for guidance only, so always check your own VAT position.
Two quick formulas cover almost every VAT sum you'll ever need.
Start with a net price, then add the VAT on top to get the gross price your customer pays.
Start with a gross price that already includes VAT, then work backwards to find the net price and the VAT within it.
A little light relief from the numbers. Here are a few things you might not know about Value Added Tax.
VAT was first introduced in France in 1954 and made its UK debut on 1 April 1973.
The UK rate started at 10% and rose over the years to 20% in 2011, where it has stayed ever since.
Hungary has the highest standard VAT rate in the world at 27%, followed by Iceland at 25.5%.
A handful of places charge no VAT at all, including the Bahamas, Hong Kong, Saudi Arabia and Qatar.
In the 2022/23 tax year, UK VAT receipts came in at nearly £160 billion, up from around £60 billion in 2000/01.
Jaffa Cakes famously won their case by proving they are cakes, which are zero-rated, rather than chocolate-covered biscuits, which are not.
Clear Books is award-winning, HMRC-recognised accounting software that calculates VAT automatically and submits your MTD VAT returns in a few clicks.