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<!DOCTYPE html>
<html>
<head>
<title>Online VAT Calculator | Value Added Tax | Calculate VAT for your products and business</title>
<meta charset="UTF-8">
<meta name="theme-color" content="#0066ff" />
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<meta name="description" content="Online VAT Calculator. Learn, What is VAT ? How to Calculate VAT ? Discussion and Opinions on this tax." />
<meta name="keywords" content="VAT calculator, What is VAT, Value Added Tax, Calculate VAT, Calculate VAT Online, VAT, Value Added Tax">
<link href="makeup.css" rel="stylesheet" type="text/css">
<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
<link rel="icon" type="image/png" href="https://mrvirk.com/wp-content/uploads/2018/05/cropped-mrvirk-mobile-logo-v3-32x32.png">
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</head>
<body>
<div style="padding:0px;text-align:center;">
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<div style="overflow:auto">
<div class="menu">
<a href="#">Home</a>
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style="display:inline-block;width:200px;height:90px"
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</div>
<div class="main">
<h1>Online <span>VAT</span> Calculator</h1>
<b>Online VAT Calculator. Calculate VAT for your products and business. Learn, What is VAT ? How to Calculate VAT ? Discussion and Opinions on this tax.</b>
<div style="overflow:auto">
<div class="calculator_box">
<div class="boxes"><h1>Calculate VAT</h1></div>
<div class="secondary_boxes">
<form id="addVatInputForm">
<p>
Product Price
<input type="number" name="net_price" value="100">
VAT %
<input type="number" name="vat_percentage" value="23"><br>
Total Amount (with VAT)
<input type="number" name="total_amount" value="0" class="result" readonly>
VAT Amount
<input type="number" name="vat_amount" value="0" class="result" readonly>
</p>
</form>
</div>
<div class="boxes"><b>Help:</b> add VAT to Product's Price - Used to calculate after tax price of a product
</br>
<div align="center">
<!-- VAT Calculator - Link Ad - 200x90 -->
<ins class="adsbygoogle"
style="display:inline-block;width:200px;height:90px"
data-ad-client="ca-pub-6088722940843183"
data-ad-slot="4785374582"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>
</div>
</div>
</div>
<div class="results_box">
<div class="boxes"><h1>Remove VAT</h1></div>
<div class="secondary_boxes">
<form id="substractVatInputForm">
<p>
Price Paid
<input type="number" name="net_price" value="100">
VAT %
<input type="number" name="vat_percentage" value="23"><br>
Product Price (without VAT)<br>
<input class="result" type="number" name="total_amount" value="0" readonly>
VAT Amount<br>
<input class="result" type="number" name="vat_amount" value="0" readonly>
</p>
</form>
</div>
<div class="boxes"><b>Help:</b> substract VAT from Product's Price - Used to calculate before tax price of a product
</br>
<div align="center">
<!-- VAT Calculator - Link Ad - 200x90 -->
<ins class="adsbygoogle"
style="display:inline-block;width:200px;height:90px"
data-ad-client="ca-pub-6088722940843183"
data-ad-slot="4785374582"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>
</div>
</div>
</div>
</div>
<div style="padding:0px;text-align:center;">
<!-- Advertising Space -->
</div>
<div class="boxes">
<h2>What is VAT ?</h2>
<p>VAT stands for Value Added Tax. It’s an indirect form of taxation by the government when goods or services are bought and sold.</p>
<p>The VAT% may differ on country to country basis and their could be different rates say standard or reduced rate or based on categories of products and services.</p>
<p>Per Wikipedia - VAT essentially compensates for the shared service and infrastructure provided in a certain locality by a state and funded by its taxpayers that were used in the elaboration of that product or service.</p>
</div>
<br/>
<div class="boxes">
<h2>How to Calculate VAT ?</h2>
<p>Calculating VAT can simple if you know the VAT % using the formula below - <br>
VAT = (product price * VAT%) / 100 <br><br>
<span>Example 1:</span> Say the VAT is 23% and as a consumer price paid to buy the product is €70<br>
VAT = (70 * 23) / 100<br>
= 1610 / 100<br>
= 16.10<br>
Product price before VAT = 70 – 16.10 = € 53.90<br>
</p>
<p>
<span>Example 2:</span> Say, John is a store owner and want to sell his product for €100, but this is the amount he want to get, in this case John will need to add VAT to the price of the product before selling to the consumer.<br>
VAT = (product price * VAT%) / 100<br><br>
VAT = (100 * 23) / 100<br>
VAT = €23<br>
Product sold at = 100 + 23<br>
= 123<br>
So, the consumer ended up paying extra €23
</p>
</div>
<br/>
<div class="boxes">
<div style="text-align: center;">
<h3>Video Explanation</h3>
<iframe width="560" height="315" src="https://www.youtube.com/embed/WvXlIYbnBfo" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</div>
</div>
<br/>
<div class="boxes">
<h4>Discussion and Opinion on VAT with Example</h4>
<p>Reality – Who ends up paying the VAT ?</p>
<p>
End user/general public or in beautiful words the tax payer.<br>
Which means you may be paying income tax on the money you earn but when you go into the market as a consumer you may additionally pay VAT based upon your country. <br><br>
Say, your hard earned income is €3000 a month and taxed at average 35%. <br>
Which means the tax amount is €1050.00 and the take home pay after tax is €1950<br>
With €1950 you go to the market, for this examples sake you spend it all on groceries, perfumes, rent, car payment and other things.<br><br>
Now, here is where VAT comes into play. <br><br>
<span>For example:</span> In Ireland the VAT is 23%<br>
So, the tax paid on the above transaction will be 23% of €1950 = 448.50<br>
The actual cost of those products services was only –<br>
1950 – 448.50 = 1501.50<br><br>
So, on paper your income is €3000 but after all the taxes you only have half the buying power.<br><br>
In other words, for every €1 earned in reality you just earned 0.50 cents.<br><br>
Wow, this makes me sad, governments do insist taxes are necessary and to be honest they are but multiple taxations (direct and indirect) are just too much for an average household and puts so much financial strain on people regard less of
their hard work.
</p>
</div>
<script src="logic.js"></script>
<div style="padding:15px;text-align:center;">
</div>
</div>
<div class="right">
<!-- VAT Calculators | Link Ad - Sidebar -->
<ins class="adsbygoogle"
style="display:block"
data-ad-client="ca-pub-6088722940843183"
data-ad-slot="8726465501"
data-ad-format="link"
data-full-width-responsive="true"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>
<!-- VAT Calculator | Sidebar MON Unit -->
<ins class="adsbygoogle" style="display:inline-block;width:300px;height:600px" data-ad-client="ca-pub-6088722940843183" data-ad-slot="9745502000"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>
</div>
</div>
<div class="footer">
<p>
A Product of <a href="https://mrvirk.com?utm_source=vat_calculator&utm_medium=footer">Mr. Virk Media </a> | Copyright © 2019-2020 | <a
href="https://mrvirk.com/privacy-policy?utm_source=vat_calculator&utm_medium=footer">Privacy Policy</a>
| Author: <a href="https://navjot.mrvirk.com?utm_source=vat_calculator&utm_medium=footer">Navjot Virk</a>
| Code: <a href="https://github.com/Mrvirk-com/Mr.-VAT-Calculator">Github</a>
</p>
</div>
</body>
</html>