Calculation of Interest Rate

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VAT Calculator

0% 5% 10% 15% 17.5% 20% 25%

Enter an amount and select a VAT rate to see the results.

Understanding VAT (Value Added Tax)

Value Added Tax (VAT) is a consumption tax placed on a product or service whenever value is added at each stage of the supply chain, from production to the point of sale. In most countries, VAT is levied by the government on behalf of the consumer. The VAT system is designed to tax the final consumer while businesses act as tax collectors for the government.

How it Works: When a business buys goods or services, it pays VAT to its supplier. This is called 'input VAT'. When that business sells goods or services to its customer, it charges VAT to the customer. This is called 'output VAT'. Businesses can typically reclaim the input VAT they have paid from the government, and they must remit the output VAT they have collected to the government. The difference between output VAT and input VAT is usually paid to the tax authorities.

This calculator helps you quickly determine the amount of VAT to add to a price (exclusive of VAT) and the final price including VAT, based on a specified VAT rate.

Calculation Formula:

  • VAT Amount = Amount (excluding VAT) × (VAT Rate / 100)
  • Total Amount (including VAT) = Amount (excluding VAT) + VAT Amount

function calculateVAT() { var amountInput = document.getElementById("amount"); var vatRateInput = document.getElementById("vatRate"); var resultDiv = document.getElementById("result"); var amount = parseFloat(amountInput.value); var vatRate = parseFloat(vatRateInput.value); if (isNaN(amount) || isNaN(vatRate)) { resultDiv.innerHTML = "Please enter valid numbers for amount and VAT rate."; return; } if (amount < 0 || vatRate < 0) { resultDiv.innerHTML = "Amount and VAT rate cannot be negative."; return; } var vatAmount = amount * (vatRate / 100); var totalAmount = amount + vatAmount; resultDiv.innerHTML = "Amount (excluding VAT): $" + amount.toFixed(2) + "" + "VAT Rate: " + vatRate.toFixed(1) + "%" + "VAT Amount: $" + vatAmount.toFixed(2) + "" + "Total Amount (including VAT): $" + totalAmount.toFixed(2) + ""; }

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