£40 plus VAT
£40 plus VAT at 20% is £48.00. The VAT added is £8.00.
£40 + 20% VAT£48.00VAT: £8.00
£40 with and without VAT
| Net (ex VAT) | VAT | Gross (inc VAT) | |
|---|---|---|---|
| £40 plus 20% VAT | £40.00 | £8.00 | £48.00 |
| £40 including 20% VAT | £33.33 | £6.67 | £40.00 |
| £40 plus 5% VAT | £40.00 | £2.00 | £42.00 |
| £40 including 5% VAT | £38.10 | £1.90 | £40.00 |
The VAT maths
- Adding VAT: £40 × 1.2 = £48.00.
- Removing VAT: £40 ÷ 1.2 = £33.33. The VAT inside a VAT-inclusive price is one sixth of it, £6.67, not 20%.
- Taking 20% off £40 would give £32.00, which is £1.33 too low.
- VAT-registered businesses can usually reclaim the VAT they pay on business costs, so the net figure is their real cost.
Check your own figures
The calculator is set to £40. Switch to "Remove VAT" or change the rate.
Price including VAT£0
- Excluding VAT (net)
- £0
- VAT
- £0
- Including VAT (gross)
- £0
Amounts near £40
| Amount | Plus VAT | VAT |
|---|---|---|
| £10 plus VAT | £12.00 | £2.00 |
| £20 plus VAT | £24.00 | £4.00 |
| £30 plus VAT | £36.00 | £6.00 |
| £40 | £48.00 | £8.00 |
| £50 plus VAT | £60.00 | £10.00 |
| £60 plus VAT | £72.00 | £12.00 |
| £70 plus VAT | £84.00 | £14.00 |
Frequently asked questions
What is £40 plus VAT?
£40 plus VAT at 20% is £48.00. The VAT is £8.00. Multiply by 1.2 to add 20% VAT.
How much VAT is in £40?
If £40 already includes 20% VAT, the VAT is £6.67 and the price before VAT is £33.33. Divide by 1.2, do not take 20% off.
What is £40 plus VAT at 5%?
£42.00. The reduced rate of 5% applies to things like home energy and children's car seats.