Convert Value-Added Tax (VAT)
Enter the net price and applicable VAT rate to calculate the tax and VAT-inclusive total.
Formula: VAT = Net Price Γ VAT Rate; Gross Price = Net Price + VAT
Keep rates, balances, prices, and time periods on the same basis. An annual rate should not be combined with a monthly period unless the formula accounts for that conversion.
Check the final amount against the starting figure and rate. A large unexpected difference often points to a period or percentage entered in the wrong form.