Net → VAT → gross
When adding VAT, the VAT amount is the net amount multiplied by the rate you entered. Gross is net plus that VAT amount.
Add VAT to a net amount or work backwards from a VAT-inclusive gross amount. Enter the rate that applies to your transaction and InvoiceCraftly shows the net, VAT, gross, and calculation.
When adding VAT, the VAT amount is the net amount multiplied by the rate you entered. Gross is net plus that VAT amount.
When extracting VAT, the calculator divides the VAT-inclusive amount by one plus your rate, then shows VAT as the difference between gross and net.
VAT rates and treatment can vary by country, customer, product or service, and transaction type. Confirm the rate that applies, then use the calculator for the arithmetic.
Yes. Choose “Add VAT to net amount”, enter the net amount and VAT rate, and the calculator shows VAT and gross.
Yes. Choose “Extract VAT from gross amount” and enter the rate that was included.
Use the rate that applies to your transaction. Country, registration, customer, supply type, exemptions, and cross-border rules can affect the treatment.