How to calculate VAT
To add VAT multiply the net price by (1 + rate). To remove it divide the gross price by (1 + rate). For example, £120 including 20% VAT is £100 plus £20 VAT.
Frequently asked questions
Is VAT the same as GST?
They work the same way. VAT is used in the UK and EU, GST in Australia, Canada, India and New Zealand.