Free VAT Calculator UK - Add or Remove VAT
When running a business in the UK, understanding how VAT (Value Added Tax) affects your finances is crucial for business owners, freelancers, and even individual consumers. Whether you’re purchasing goods or services, calculating VAT is often necessary to know how much you'll pay or how much VAT to remove for a net price. Our VAT Calculator is here to make that process seamless. What is VAT? VAT , or Value Added Tax, is a tax charged on most goods and services sold by VAT-registered businesses in the UK. It’s a crucial element of tax law and affects every transaction involving VAT-registered businesses. As of 2024, the standard VAT rate is 20%, though there are also reduced rates of 5% for certain goods like energy bills and 0% for items like children’s clothes. VAT is typically included in the price you see on products, but if you’re a business owner or self-employed, you might need to know how much VAT was included in a price or add VAT to a quote for your clients. Our calcul