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 the figure above, we do the following calculation.

  • Start with the figure of £500
  • £500 divided by 100 is £5
  • We then take the £5, multiply that by 100 and add the 20% VAT, for a figure of £500.

If you need to run a different calculation please visit our homepage by clicking here, to use our VAT calculator tool that lets you manually enter numbers and VAT rates.