MyToolMint

Calculators

VAT Calculator

Switch between adding and removing VAT, enter the rate that applies, and see the net, tax and gross amounts.

Net amount
VAT amount
Total

Add VAT to a price

For an excluding price, VAT equals the net amount multiplied by the rate. The inclusive total is the net amount plus the VAT amount.

Remove VAT correctly

To extract VAT from a tax-inclusive amount, divide the total by 1 + rate to find the net amount. Simply subtracting the percentage from the gross amount gives the wrong answer.

Use the applicable rate

The rate is editable because VAT rates and rules vary by place, date, product and seller. The prefilled value is only a convenience; confirm the rate and treatment that apply to your transaction.

Rounding and records

Displayed currency amounts are rounded to two decimal places. Invoices and tax systems may use prescribed line-level rounding, exemptions or special rules, so use official records for filing and compliance.