Exclusive amount (Net)
|
100%
|
VAT amount (UK VAT rate)
|
20%
|
Inclusive amount (Gross)
|
120%
|
Table of values for calculation
VAT exclusive (100%)
|
VAT (20%)
|
VAT inclusive (120%)
|
25 000
|
*
|
*
|
*
|
*
|
37 000
|
*
|
500
|
*
|
VAT calculation formula
VAT exclusive (100%)
|
VAT (20%)
|
VAT inclusive (120%)
|
25 000
|
(25 000/100)*20
|
(25 000/100)*120
|
(37 000/120)*100
|
(37 000/120)*20
|
37 000
|
(500/20)*100
|
500
|
(500/20)*120
|
Values after calculation
VAT exclusive (100%)
|
VAT (20%)
|
VAT inclusive (120%)
|
25 000
|
5 000
|
30 000
|
30 833.33
|
6 166,66
|
37 000
|
2500
|
500
|
3 000
|
|