Free VAT Calculator

Free

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VAT Inclusive Formula:

VAT Inclusive, here VAT is calculated within the selling price.

Formula: ("Payable amount" X 100) / ("VAT %" 100) = "Price"

"Payable amount" - "Price" = "Actual VAT Amount"



e.g.. lets assume a DVD player costs 1500.00 and a VAT of 12%, the calculation would look like:-

(1500.00 X 100) / (12 100) = 1339.28 (rounded), 1339.28 is the price without VAT.

1500.00 - 1339.28 = 160.71 (rounded), 160.70 is the VAT

VAT Exclusive Formula:

VAT Exclusive, here the VAT is added to the price.

Formula: ("VAT %" / 100 ) X "Price" = "Actual VAT Amount"

"Actual VAT Amount" "Price" = "Payable amount".

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