VAT, in either direction.
Add VAT to a net amount, or strip it out of a gross. 20%, 5%, or zero. Flick the toggle.
Gross (with VAT)£120
- Net (excluding VAT)£100.00
- VAT (20%)£20.00
- Gross (including VAT)£120.00
Standard 20% applies to most goods/services. 5% reduced rate applies to domestic energy, children's car seats, and some other items. The UK VAT registration threshold is £90,000 (April 2024).
Personal allowance £12,570Higher-rate threshold £50,270Additional-rate threshold £125,140Dividend allowance £500NI primary threshold £12,570Class 1 NI 8% / 2%Pension annual allowance £60,000ISA allowance £20,000Capital Gains AEA £3,000VAT registration threshold £90,000Personal allowance £12,570Higher-rate threshold £50,270Additional-rate threshold £125,140Dividend allowance £500NI primary threshold £12,570Class 1 NI 8% / 2%Pension annual allowance £60,000ISA allowance £20,000Capital Gains AEA £3,000VAT registration threshold £90,000
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