Value added tax calculator

Initial amount: £
Rate of VAT: %  
Country:  
Net amount: £
VAT amount: £
Gross amount: £
A value-added tax (VAT) is a form of consumption tax. It is a tax on the purchase price from the perspective of the buyer. It is a tax only on the value added to a product from that of the seller.The purpose of VAT is to generate tax revenues.