Add tax to a price, or work backwards from a tax-inclusive price. Note that removing 20% VAT means dividing by 1.2 – not taking 20% off.
Questions
How do I remove VAT?
Divide the gross price by 1 + the rate. For 20% VAT: 120 ÷ 1.2 = 100.
Add VAT or sales tax to a net price, or remove it from a gross price. Any rate.
Add tax to a price, or work backwards from a tax-inclusive price. Note that removing 20% VAT means dividing by 1.2 – not taking 20% off.
Divide the gross price by 1 + the rate. For 20% VAT: 120 ÷ 1.2 = 100.