16 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 16 plus VAT?
16 plus VAT is calculated below;
19.2
Breakdown of The Calculation
| Price | 2023 Rate | Gross Price | VAT Amount |
|---|---|---|---|
| £16 | 20% | £19.2 | £3.2 |
Calculate Your Own Price Plus VAT Below
What Is The Formula For Calculating 16 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 = 19.2
P = 16
VAT Percentage = 20%
19.2