VAT Calculator
Quickly add VAT to your net prices or remove VAT from gross amounts. Essential for creating quotes and understanding your invoices.
How It Works
Choose whether to add VAT to a net amount (creating a quote) or remove VAT from a gross amount (checking an invoice). Select your VAT rate and get instant results.
UK VAT Rates
- Standard Rate (20%): Most goods and services
- Reduced Rate (5%): Energy-saving materials, residential conversions
- Zero Rate (0%): New residential builds, some renovations
When to Use
- Creating quotes for clients
- Checking supplier invoices
- Calculating VAT returns
- Understanding gross vs net pricing
UKUK Building Regulations
References & Sources
Standards Cited
- VAT Notice 708 β HMRC VAT Notice 708 β Buildings and construction
Defines VAT rates applicable to construction work: standard rate (20%), reduced rate (5% for certain renovations), and zero rate (for new dwellings) View β - VAT Act 1994 β UK Value Added Tax Act 1994
Primary legislation governing VAT in the UK, including rates, registration thresholds, and exemptions
Formulas Used
- Add VAT (net to gross):
gross = net x (1 + vatRate / 100)
Source: VAT Act 1994 - Remove VAT (gross to net):
net = gross / (1 + vatRate / 100)
Source: VAT Act 1994 - VAT Amount (from net):
vat = net x (vatRate / 100)
Source: VAT Act 1994 - VAT Amount (from gross):
vat = gross - (gross / (1 + vatRate / 100))
Source: VAT Act 1994
Key Assumptions
- UK standard VAT rate is 20% β HMRC / VAT Act 1994
- UK reduced VAT rate of 5% applies to certain renovation and conversion works β HMRC VAT Notice 708
- Zero-rate VAT (0%) applies to new residential construction β HMRC VAT Notice 708