VAT Calculator & VAT Calculation Formula.

     There are two VAT calculators in this page, a online VAT Calculator which doesn't require any download and can be run from this page itself , another a downloadable VAT calculator which could be run from your computer downloadable VAT Calculator is recommended if you regularly calculate VAT.

    VAT Calculator formulas are given below.

	Amount
	VAT %
	VAT Inclusive

	VAT
	Price
	Total

VAT Calculator

Version :	1.0.10
Size :	1.25 Mb
License :	Freeware
Release Date :	22 /09/2009
Operating System :	Win98,Windows2000,WinXP,Windows2003,Windows Vista Home Basic,Windows Vista Home Premium,Windows Vista Ultimate,Windows Vista Home Basic x64,Windows Vista Ultimate x64

VAT Calculation Formulas

VAT Inclusive Formula:

VAT Inclusive, here VAT is calculated within the selling price.
     Formula: ("Payable amount" X 100) / ("VAT %" + 100) = "Price"
     "Payable amount" - "Price" = "Actual VAT Amount"

    e.g.. lets assume a DVD player costs 1500.00 and a VAT of 12%, the calculation would look like:-
        (1500.00 X 100) / (12 + 100) = 1339.28 (rounded), 1339.28 is the price without VAT.
         1500.00 - 1339.28 = 160.71 (rounded), 160.70 is the VAT

VAT Exclusive Formula:

VAT Exclusive, here the VAT is added to the price.
    Formula: ("VAT %" / 100 ) X "Price" = "Actual VAT Amount"
                "Actual VAT Amount" + "Price" = "Payable amount".

     e.g.. lets again assume a DVD player costs 1500.00 and a VAT of 12%, the calculation would look like:-
          (12 / 100) X 1500.00 = 180.00, 180.00 is the actual VAT
          Now we need to add the Actual VAT to the price.
          180.00 + 1500.00 = 1680.00, 1680.00 is the payable amount.