What is £200 plus VAT?
To find the total figure when you add VAT to £200, you first need to know what the current standard UK VAT rate is, which is 20%. Therefore, £200 plus VAT (20%) is £240. What calculation was used? To achieve the …
UK Reintroduces VAT Free Shopping For Oversea Visitors
Amidst a change in various tax changes during the ‘mini budget’ held on 23rd September 2022, Chancellor Kwasi Kwarteng has announced the UK intends to reintroduce VAT free shopping for overseas visitors. During his presentation, he stated “Britain welcomes millions …
What is £600 plus VAT?
To find the total figure when you add VAT to £600, you first need to know what the current standard UK VAT rate is, which is 20%. Therefore, £600 plus VAT (20%) is £720. What calculation was used? To achieve …
What is £500 plus VAT?
To find the total figure when you add VAT to £500, you first need to know what the current standard UK VAT rate is, which is 20%. Therefore, £500 plus VAT (20%) is £600. What calculation was used? To achieve …
How Do You Know If The Flat Rate VAT Scheme Is Right For You?
Once your business achieves a turnover above a certain amount (£85,000, as of October 2021), you have to register for VAT. However, you do get a choice in the rate of VAT you pay. It sounds good, doesn’t it? Well, …
How Much Money Does VAT Generate The UK Government?
It’s no surprise that the UK government needs to raise funds to operate the country. Considering VAT applies to the vast majority of products and services bought and sold, it should also come as no surprise that it’s a massive …
Where Should You Go For Advice On VAT?
Do you own a successful business? If you do there is a good chance you might already be thinking about registering for VAT. Even if you haven’t hit the current threshold for obligatory registration you may have decided it is worth …
How To Calculate VAT In Google Sheets
Note: If you’re looking to calculate VAT on just one or two amounts, it may be faster to use the VAT Calculator found on our homepage. In days gone by, using Microsoft Excel was the go-to software for figuring out …
VAT Rates Around The World
VAT is a form of “consumption tax”. It is charged on goods and services and in some countries is known as GST – Goods and Services Tax. The first country to introduce VAT in 1954 was France and it now …
The Curious Case Of The Jaffa Cake
The next time you look at a pack of Jaffa Cakes, you may think about them slightly differently – and you may be glad that the price isn’t a teeny bit higher. You see, there was a famous (or perhaps …