Move between tax-exclusive and tax-inclusive prices using the stated VAT rate.
| Input | What it means |
|---|---|
| Net VAT Price | The stated purchase or selling amount, in the same currency as the related costs. |
| VAT Rate | The stated rate or percentage, entered using the scale and time period shown in the form. |
| Final VAT Price | The stated purchase or selling amount, in the same currency as the related costs. |
Net 100 at 20% VAT gives gross 120. Removing VAT from 120 gives 100.
Compare the result with the underlying statement, budget or proposed transaction. It is most useful when every amount uses the same reporting period and the same accounting definition.
Use one consistent period for every amount and rate in the relationship. If a form specifies an annual rate or a monthly amount, follow that label rather than mixing time periods.
Only the costs and taxes represented by the inputs and formula are included. A real transaction can include other charges, so compare the estimate with the underlying agreement or statement.
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