If your business brings in over £85,000 a year, you are required by law to register for VAT. However, if you bring in less than this, you can still register for it voluntarily. There are, as you might expect, pros and cons to doing this. We explore this in more detail.
Our calculator includes the standard and reduced rates for the UK and Ireland. Please contact us if you would like any other rates added. Follow us on Twitter and like us on Facebook for all the latest news and information.
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Our VAT calculator has been designed for all users, both personal and business.
If you have a business you will certainly have a need to know about various aspects of VAT. But even if you don’t own a business you will still benefit from finding out more about VAT – as you will see right now. Take the time to explore the site; you’ll be amazed at how much you can find out.
How to use our value added tax calculator
The value added tax calculator couldn’t be any easier to use. Just select the rate of VAT you want to know about and enter the amount you have in mind in the box provided. If that amount is inclusive of VAT tick the box; if it isn’t and you want to add it, leave the box blank. All you have to do then is to click the ‘calculate’ button and you will find out everything you need to know as the answers appear right in front of you. It couldn’t be any easier!