£100.00
Net price
£20.00
VAT (20%)
£120.00
Gross price
UK VAT rates: 20% standard, 5% reduced (e.g. home energy, children's car seats), 0% zero-rated (e.g. most food, books, children's clothes). Which rate applies depends on what you're selling, not the price, check HMRC guidance if you're unsure. Not tax advice.
Calculator by The Tools Kit