Easy VAT-calculator

Calculate VAT

VAT Amount = Price x (VAT Rate / 100)
This formula calculates the amount of value-added tax for a product or service. It is done by multiplying the price of the product or service by its value-added tax rate and dividing the result by one hundred. For example, if the price of a product is 100 euros and the value-added tax rate is 24%, the VAT amount is calculated as follows:
VAT Amount = 100 x (24 / 100) = 24 euros

Price (without VAT): VAT Rate (%): 5% 10% 15% 20% 22% 24% 25%

Calculate Price without VAT

This calculation can be used to determine the price of a product or service without VAT. For example, if the price of a product is 124 euros and the VAT rate is 24%, the price without VAT is calculated as follows: Price without VAT = 124 / (1 + (24 / 100)) = 100 euros

Price (with VAT): VAT Rate (%): 5% 10% 15% 20% 22% 24% 25%

Please note that VAT rates can vary depending on the country and the type of goods or services being purchased. These rates are just examples of the most common VAT rates in the United Kingdom and Japan. Before making any financial decisions, it's important to research the specific VAT rates applicable to your situation.

A brief history of Value-Added Tax:

Value-Added Tax (VAT) is a type of tax that is applied to the sales of goods and services. It is an important source of revenue for many governments around the world. VAT was first developed in France in 1954 and was introduced in many European countries starting from the late 1960s. Since then, many other countries have adopted VAT or a similar form of tax. The purpose of VAT is to collect tax revenue and at the same time avoid double taxation that could occur if tax was charged separately at each production stage.