VAT Calculator

💰 How This Calculator Works

Calculates VAT/GST tax amounts and adds or removes tax from a price. Used by businesses and travellers in VAT/GST jurisdictions.

🔢 Worked Examples

• £100 + 20% UK VAT = £120 total
• €120 total at 20% → ex-VAT = £100
• $108.5 (8.5% GST) → base = $100

📋 Common Use Cases

Loan calculators help you understand the true cost of borrowing money — including total interest paid, monthly payments, and amortization schedules. Whether you're financing a car, taking a personal loan, or comparing offers, these tools give you the numbers banks don't always lead with.

• Monthly payment planning before signing a loan
• Comparing fixed-rate vs reducing-balance loan structures
• Calculating total interest cost over the full loan term
• Finding the break-even point for extra payments

💡 Did You Know?

On a 30-year mortgage at 6%, you pay nearly as much in interest as you borrowed. A $300,000 mortgage costs about $647,000 in total payments — $347,000 of that is interest.

⚠️ Common Mistake

Adding VAT to a VAT-inclusive price — if an item is £120 including 20% VAT, the VAT is £20 (not £24). Divide the VAT-inclusive price by 1.2 to extract it.