Online VAT Calculator
Take the effort out of VAT calculations with Naseems free Online VAT calculator
What is a Online VAT Calculator?
A online VAT Calculator quickly adds or subtracts VAT from any amount. A multi-step calculation becomes a couple of clicks. You don’t need to know the formulas for adding or extracting VAT anymore. And you can forget the percentages element too – the calculator does it all for you.
How does the online VAT calculator work?
Without the Naseems Accountants VAT calculator, you need to work out your VAT manually –VAT is charged at the rate that applies to products in UK.
This online VAT calculator will help you calculate your VAT easily.
First, you need to decide if you’re using the standard 20% rate or a reduced 5% VAT rate, including the vat formula. Then divide the amount by 100. After that, multiply it by (100 + VAT percentage). If you need to calculate excluding vat formula, then after the first step, divide the amount by (100 + VAT percentage) and multiply it by 100.
INCLUDING VAT FORMULA
-
Step 1 :
Decide if you’re using the standard 20% rate, or reduced 5% rate of VAT -
Step 2 :
Divide the amount by 100 -
Step 3 :
Multiply it by (100 + VAT percentage)
EXCLUDING VAT FORMULA
-
Step 1 :
Decide if you’re using the standard 20% rate, or reduced 5% rate of VAT -
Step 2 :
Divide the amount by (100 + VAT percentage) -
Step 3 :
Multiply it by 100.
How much is VAT in the UK?
Businesses who are VAT registered can collect Value Added Tax on behalf of HMRC. In such addition, companies can claim the VAT back on significant purchases as well. Therefore, after registering for VAT, each company receives its VAT number.
Standard Rate of 20%:
Applies to most goods and services in the UK
Reduced Rate of 5% :
The reduced rate of 5% applies to some goods and services such as protective and safety, heating, energy-saving equipment, etc.
What Our Clients Say?
Mandy Sandhu
2023-11-16
I have been using Naseems Accountants since September 2023 and I can say the service has been brilliant so far. Bilal has been my main point of contact and he has been incredible. He is so patient and helpful with every query and goes over and above to explain and ensure everything is done correctly. I would highly recommend Naseems Accountant to everyone and I look forward to continuing with you.
M Saqib
2023-11-03
Excellent Service. Highly recommended
Tasy Ali
2023-11-01
Bilal was very informative and professional.
Rafah El Hassan
2023-10-25
These guys are amazing! I was very worried as I wasn't addressed by anyone but the service they offered was far beyond expectations. Bilal was very helpful from the very beginning. He explained everything very clearly. The home office changed my code and I didn't know where to start and how to address that issue. He rescheduled his appointments, offered a next day appointment to me as my work schedule was very tight, and assisted me with the call to HMRC. I would never have been able to do that without him! Thank you Bilal.
Stephanie Stump
2023-09-22
Happy with help I got to access my gateway account
Ricky Sohal
2023-09-19
Naseems are really friendly accountants, Bilal is amazing in guiding me through my issue and put my mind at ease, through the process. Definately an Accountant you need on your side ????
arifa salam
2023-09-11
Chatted to Bilal about various ideas I had as a complete beginner to accountancy and he was super helpful. He was informative, friendly and went above and beyond to find the best solution for me. Thanks Bilal ????
Samir Dahmani
2023-08-23
Our business has been using Naseems Accountants since we set up the business in Birmingham. The team are great and always helpful whenever we have any queries or advice. I would highly recommend.
Kane Moffat
2023-08-09
Excellent help, clear and concise advice.
Oman Oman
2023-07-24
Called up to get some tax advise on stocks and shares
Waqar called me back quickly and was incredibly helpful!
We spoke about my situation and to my absolute delight, he provided me with all the advise I needed over the phone. Meeting in person wasn't necessary for my query and that saved me £150.
I truly appreciate all the advise and will Definately be coming back here when I need any further advise or work carried out!