Tool description

The VAT Calculator is a business and financial tool for calculating Value Added Tax (VAT) on goods and services. It can both add VAT to net amounts and remove VAT from gross amounts, supporting various VAT rates used in different countries worldwide. This tool is essential for businesses, accountants, and individuals dealing with VAT calculations.

Features

  • Add VAT to net amounts or remove VAT from gross amounts
  • Support for multiple VAT rates (0% to 27%)
  • Real-time calculation with instant results
  • Display of net amount, VAT amount, and gross amount
  • Simple mode switching between adding and removing VAT
  • Professional interface for business use

Supported VAT Rates

  • 0% - VAT-exempt goods and services
  • 5% - Reduced rate (some countries)
  • 10% - Reduced rate (some countries)
  • 15% - Standard rate (some countries)
  • 16% - Standard rate (some countries)
  • 17% - Standard rate (some countries)
  • 18% - Standard rate (some countries)
  • 19% - Standard rate (Germany)
  • 20% - Standard rate (UK, many EU countries)
  • 21% - Standard rate (Netherlands, Belgium)
  • 22% - Standard rate (some countries)
  • 23% - Standard rate (Ireland)
  • 24% - Standard rate (some countries)
  • 25% - Standard rate (Sweden, Denmark, Norway)
  • 27% - Standard rate (Hungary)

Calculation Modes

  • Add VAT: Calculate gross amount by adding VAT to a net amount
  • Remove VAT: Calculate net amount by removing VAT from a gross amount

Use Cases

  • Invoice Creation: Calculate correct amounts for invoices with VAT
  • Price Calculation: Determine selling prices including VAT
  • Expense Management: Calculate VAT-exclusive amounts for business expenses
  • International Trade: Handle VAT calculations for different countries
  • Accounting: Prepare financial records with correct VAT amounts
  • E-commerce: Calculate product prices with appropriate VAT rates
  • Tax Compliance: Ensure accurate VAT calculations for tax reporting
  • Budget Planning: Account for VAT in business and personal budgets