£700 plus VAT
£700 plus VAT at 20% is £840.00. The VAT added is £140.00.
£700 + 20% VAT£840.00VAT: £140.00
£700 with and without VAT
| Net (ex VAT) | VAT | Gross (inc VAT) | |
|---|---|---|---|
| £700 plus 20% VAT | £700.00 | £140.00 | £840.00 |
| £700 including 20% VAT | £583.33 | £116.67 | £700.00 |
| £700 plus 5% VAT | £700.00 | £35.00 | £735.00 |
| £700 including 5% VAT | £666.67 | £33.33 | £700.00 |
The VAT maths
- Adding VAT: £700 × 1.2 = £840.00.
- Removing VAT: £700 ÷ 1.2 = £583.33. The VAT inside a VAT-inclusive price is one sixth of it, £116.67, not 20%.
- Taking 20% off £700 would give £560.00, which is £23.33 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 £700. Switch to "Remove VAT" or change the rate.
Price including VAT£0
- Excluding VAT (net)
- £0
- VAT
- £0
- Including VAT (gross)
- £0
Amounts near £700
| Amount | Plus VAT | VAT |
|---|---|---|
| £550 plus VAT | £660.00 | £110.00 |
| £600 plus VAT | £720.00 | £120.00 |
| £650 plus VAT | £780.00 | £130.00 |
| £700 | £840.00 | £140.00 |
| £750 plus VAT | £900.00 | £150.00 |
| £800 plus VAT | £960.00 | £160.00 |
| £850 plus VAT | £1,020.00 | £170.00 |
Frequently asked questions
What is £700 plus VAT?
£700 plus VAT at 20% is £840.00. The VAT is £140.00. Multiply by 1.2 to add 20% VAT.
How much VAT is in £700?
If £700 already includes 20% VAT, the VAT is £116.67 and the price before VAT is £583.33. Divide by 1.2, do not take 20% off.
What is £700 plus VAT at 5%?
£735.00. The reduced rate of 5% applies to things like home energy and children's car seats.