Welcome to VAT Calculator

Welcome to our site. We have created this site due to the recent changes to VAT rates. We could not find a similar site that allowed users to change the amount of VAT so created this so that business users and individuals have access to a calculator where the VAT rate could be changed and VAT could be added to a net amount or subtracted from a gross amount in an easy manner.
Amount:

Vat:


About Value Added Tax

VAT – or Value Added Tax – is charged by businesses at the point of sale of goods and services sold in the UK and the Isle of Man. Basically it is a tax on business transactions. Value Added Tax was introduced in 1973 as a replacement for Purchase Tax and Selective Employment Tax, as a condition of UK entry into the European Economic Community. The reduction in the standard rate of VAT from 17.5% to 15% was prompted by the recent financial turmoil in the global financial system in 2008 and increased to 20% in 2011.
ACHIEVE MORE

More VAT benefits for
everyone.

It Saves Your Time

You don't have to record the VAT that you charge on every sale and purchase meaning you spend less time on your accounts, and more time on your business. You still need to show VAT on your invoices as you do for normal VAT accounting.

Smooth Cash Flow

In your first year of VAT registration you get a one per cent reduction in your flat rate percentage until the day before the first anniversary you became VAT registered. You no longer have to work out what VAT on purchases you can and can't reclaim.

Features

Why Choose us

01
Less VAT Mistakes
With less chance of mistakes, you have fewer worries about getting your VAT right.
02
Accurate VAT Calculation
You always know what percentage of your takings you will have to pay to HMRC.
03
Easy to Calculate VAT
You no longer have to work out what VAT on purchases you can and can’t reclaim.
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VAT Differences between Countries

VAT (value added tax) is a type of indirect consumption tax imposed on the value added to goods or services, specifically during different stages of the supply chain, which may include production, wholesale, distribution, supply, or any other stages that add value to a product. VAT is commonly used by governments around the world as one of their main sources of revenue, and accounts for approximately 20 percent of worldwide tax revenue.

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The Flat Rate Scheme for VAT is available to businesses who have an annual VAT taxable turnover of less than £150,000. The flat rate scheme can reduce the time needed to complete accounting tasks and calculating tax. Using standard VAT accounting, the VAT you pay to HMRC (or claim back) is the difference between the VAT you charge and the VAT you pay. Using the Flat Rate Scheme you pay VAT as a fixed percentage of your VAT inclusive turnover. The actual percentage you use depends on your type of business.

Welcome to our site. We have created this site due to the recent changes to VAT rates. We could not find a similar site that allowed users to change the amount of VAT so created this so that business users and individuals have access to a reliable VAT calculator