Adding and Removing VAT (Value Added Tax) using a calculator
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A really quick and easy way of adding and removing VAT (Value Added Tax) using any type of calculator.
In this video we'll show you how to add different rates of VAT to a price (20%, 17.5%, 5%) and also how to remove VAT from an already included VAT price.
ADDING VAT using a calculator...
Step 1 - Enter the amount you wish to add VAT to.
Step 2 - Press the MULTIPLICATION button (the 'X') on the calculator.
Step 3 - Enter the VAT RATE you wish to add. For example, for 20% you would enter '1.20', for 17.5% you would enter '1.175', for 5% you would enter '1.05' and so on.
Step 4 - Press the EQUALS button for the amount with VAT added to it!
REMOVING VAT on a calculator at home
If you have an amount with VAT already included then please follow the steps below to take the VAT away for the original price.
Step 1 - Enter the amount you wish to REMOVE VAT from.
Step 2 - Press the DIVISION button (the '÷') on the calculator.
Step 3 - Enter the VAT RATE you wish to remove. For example, for 20% you would enter '1.20', for 17.5% you would enter '1.175', for 5% you would enter '1.05' and so on.
Step 4 - Press the EQUALS button for the amount with VAT subtracted from it!
You can also use this advert free and free VAT calculator that I developed on the web. Works great on your desktop, tablet and mobile phone.
http://www.easyvatcalculator.co.uk
Please let me know if you have any improvements and I'll make it better. If you're having trouble working out vat or doing any other vat calculations then please comment and I'll try and help you out.
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