This is a tool that enables you to enter the UK net price, gross price or VAT amount, and calculate the other two.

The tool is multi-directional and, therefore, determines the information that needs to be calculated based on which data has been entered.

In more detail, the information that can be entered and/or calculated is:

• The net price, i.e. the price before VAT has been added.
• The VAT rate indicator, which indicates which rate of VAT should be applied. The possible values for the VAT rate indicator are standard (default) or reduced.
• The VAT rate, which is a read-only field and is determined from the VAT rate indicator.
• The VAT amount.
• The gross price, i.e. the price after VAT has been added.

Associated tool link: http://www.coggit.com/tools/uk_vat_calculator.html