Can this remove VAT from a gross price?
Yes. Select Remove VAT and enter the tax-inclusive amount and applicable percentage rate.
Add or remove VAT using any percentage rate.
Calculations happen locally. We do not send your values to our server.
Adding 20% VAT to a net amount of 100 gives VAT of 20 and a gross amount of 120.
Add mode multiplies the net amount by the rate. Remove mode divides the gross amount by 1 plus the rate to recover net value and VAT.
Enter the VAT rate that applies to the transaction. Rates, exemptions, and rounding rules vary between countries and products.
Yes. Select Remove VAT and enter the tax-inclusive amount and applicable percentage rate.
They are both consumption taxes, but their legal treatment and calculation rules can differ by country.
VAT is 20% of the smaller net value, so removing it requires division by 1.20 rather than subtracting 20%.