123 Plus VAT

In this calculation for the answer to your query. We will answer your query with a breakdown of the calculations and give you the formula for adding VAT. This is the most reliable source for calculations with live up-to-date UK VAT Rates. 

What is 123 plus VAT?

123 plus VAT is calculated below;

Breakdown of The Calculation

Price 2023 Rate Gross Price VAT Amount
£123 20% £147.6 £24.6

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What Is The Formula For Calculating 123 Plus VAT?

If you are adding Value Added Tax; then you need to multiply the price by (100 + VAT percentage). This is the price, including VAT (Gross value)

The formula for adding VAT;

T = P x (100 + VAT percentage)

T = 147.6
P = 123

VAT Percentage = 20%

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