VATCalculator

Value Added Tax (VAT) is a consumption tax applied to goods and services at each stage of production and distribution. Unlike sales tax, VAT is collected incrementally, with businesses able to reclaim VAT on their own purchases.

“Add VAT” calculates the total price including VAT from the net price. “Remove VAT” extracts the net price and VAT amount from a gross price. Use “Add” for quoting prices and “Remove” for calculating deductible VAT.

VAT rates vary by country: EU standard rates range from 17% (Luxembourg) to 27% (Hungary). The UK standard rate is 20%. Some countries have reduced rates for essential goods like food, medicine, and children's clothing.