Most businesses will find something of interest on this particular website. This is true regardless of whether or not you need to know specific VAT calculations. But if you do, you’ll be glad to know they have an easy VAT calculator for you to use.
Where can I find the website and what topics does it cover?
The website’s home page is located at www.fastlinksolutions.co.uk. This is a very basic home page but it is definitely one of those occasions where you shouldn’t be fooled by appearances!
If you click on the flashing banner in the middle of your screen you will be taken to the main page of the site. You will then be able to access the VAT calculator directly from that page.
The website itself offers help and advice on many aspects of small business. So whether you are creating one from scratch, or you need some information about expansion or investment, you may well find a good source here that you can tap into.
How do I find the VAT calculator?
Notice those yellow boxes down the right hand side of the main screen, after you have clicked on the banner mentioned above? About halfway down is the VAT calculator link, which takes you straight into it.
If you would like to reach the page straightaway in future, rather than going through the pages, all you need to do is visit this link – www.fastlinksolutions.co.uk/vatcalcu.htm.
How do I use it?
As you will see, this is a fairly straightforward calculator and there are not too many boxes to worry about. And the great thing is that you can use it in more than one way.
You will notice that the standard VAT rate is already included in the relevant box. What you need to do before you begin is to change that rate if need be.
Once that is done you can enter the required figures that you already have. So for example, you might have a figure which includes VAT and you want to know how much of that figure is comprised of tax. In this case you would put your total amount into the last of the three boxes. You then need to hover your mouse button over the box above it and click on that to get your result. Both remaining boxes will give you the break down of the VAT and net amounts.
And if you have the net amount and you want to know how much to add to it as VAT, it is just as simple. This time, make sure you enter the amount in the first box before clicking in the middle box to get your results.
Is there anything else I should be aware of?
When you are doing more than one calculation, you should use the clear button underneath the VAT calculator each time to clear the contents before starting again. Be aware though that when you do this, the VAT rate will revert to the standard rate each time. So if that isn’t the rate you want, you will need to change it again.
Apart from this, the calculator is really easy and fast to use, and it could well prove to be a great addition to your preferred business websites. Incidentally there is also an FAQ section on the site which has a section on VAT included on it. Be sure to check all the facts though, because the website isn’t updated very often.
This doesn’t detract from the usefulness of the VAT calculator though, so be sure to use this even if you don’t make use of the other parts of the site.