Add VAT to a net price or remove VAT from a VAT-inclusive selling price.
Use this utility when pricing inventory, checking supplier invoices or comparing marketplace margins. It performs a mathematical VAT add/remove calculation and is not tax advice.
The standard UK VAT rate is 20%. A 5% reduced rate applies to certain goods and services.
Divide the VAT-inclusive amount by 1 plus the VAT rate. At 20%, divide by 1.20.
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