Elysia Tools
Navigation
Finance
Calculate VAT (Value Added Tax) for purchases and sales
Execution
Fill in the form, run the tool, and review the result in one place.
Samples
Related
Ready for a run
Tool usage guide
The VAT Calculator is a precise financial tool designed to help you quickly determine Value Added Tax (VAT) or Goods and Services Tax (GST) amounts for your business transactions, invoices, and personal purchases.
Background
A business owner is pricing a new product with a net cost of 100 GBP.
Problem
Needs to determine the final retail price including the standard 20% UK VAT.
How to use
Set amount to 100, select UK (20%), and choose 'Add VAT to Price'.
Outcome
The tool calculates a tax amount of 20.00 and a total gross price of 120.00.
Background
An accountant is reviewing an invoice for 500 EUR that includes French VAT.
Problem
Needs to find the net cost of the goods before tax to record the expense correctly.
How to use
Set amount to 500, select France (20%), and choose 'Remove VAT from Price'.
Outcome
The tool identifies the net amount as 416.67 and the VAT component as 83.33.
Yes, the tool supports GST calculations for countries like Australia, Canada, and India, as well as custom rates for other regions.
'Add VAT' calculates the total price including tax from a net amount, while 'Remove VAT' extracts the tax from a gross price to reveal the net amount.
Yes, select 'Other / Custom Rate' in the country dropdown to manually input any specific percentage required.
Yes, you can use the 'Quantity' field to multiply your base amount before the tax calculation is applied.
The tool provides standard rates for major countries, but you should always verify the current legal rate for your specific jurisdiction.