Question 1

What's the difference between adding and extracting VAT?

Accepted Answer

Adding VAT adds tax to a tax-exclusive amount; extracting computes how much VAT is already included in a total.

Question 2

Can I use any VAT rate?

Accepted Answer

Yes, the rate is entered manually, so it works for any country and any tax rate.

Question 3

What's the formula for extracting VAT?

Accepted Answer

VAT = Amount × (Rate / (100 + Rate)), where Amount already includes tax.

Question 4

Are results rounded?

Accepted Answer

Results are rounded to two decimal places, as is standard for most financial calculations.

Question 5

Is this suitable for making invoices?

Accepted Answer

Yes, and for full invoicing you can also use the Invoice Generator tool.

VAT Calculator

How to use it