VAT and deposit calculator
A free UK VAT and deposit calculator for businesses that quote prices and take deposits. Enter a price, say whether it includes VAT, choose the rate and the deposit. You get the net, VAT and gross figures, plus the deposit and balance, all to the penny.
Related: IBIOS Payments records deposits and balances against each job with the provider and transaction reference, and VAT treatment per line handles zero-rated, reduced and exempt items. See also the free quote template and late payment interest calculator.
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Results
Enter a price to see the VAT, deposit and balance.
Guidance only, not tax or legal advice. Check the figures against the official source and take professional advice before relying on them.
Frequently asked questions
- How do I add 20% VAT to a price?
- Multiply the net price by 0.2 to get the VAT, then add it on. £100 net becomes £120 including VAT.
- How do I take VAT out of a price that includes it?
- Divide the gross price by 1.2 for the standard rate. £120 including VAT is £100 net plus £20 VAT.
- How is VAT rounded?
- This calculator rounds the VAT on the total to the nearest penny, with halves rounded up, and shows the figure before rounding.
- Does a deposit include VAT?
- Usually, yes. A deposit is normally a payment towards the full price, so VAT is generally due on it when you receive it; check with HMRC or your accountant.
- Can IBIOS keep track of deposits and balances?
- Yes. IBIOS Payments records deposits and balances against each job with the payment provider and transaction reference, and only managers and owners can see payment details.
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