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description=Free UK VAT calculator. We have created this VAT calculator as a free to use tool for calculating VAT rates in the UK.;
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online vat calculator vat calculator what is vat current vat rate the flat rate vat scheme struggling to pay your vat rate of vat net amount excluding vat vat at gross amount including vat calculation based on start again welcome to vat calculator welcome to our site we have created this site due to the recent changes to vat rates we could not find a similar site that allowed users to change the amount of vat so created this so that business users and individuals have access to a calculator where the vat rate could be changed and vat could be added to a net amount or subtracted from a gross amount in an easy manner the vat rate for the uk currently stands at 20 per cent this was changed from 17 5 per cent on the 4th of january 2011 the standard rate of vat was temporarily reduced to 15 per cent on 1 december 2008 this was put back to 17 5 on the 20th january 2010 please click here for vat rate information contractor mortgages contractor pensions pi insurance contracting overseas business banking closing your company private health insurance accounting software ir35 insurance it contract jobs more to come we will be launching a range of guides and articles to cover a range of vat related issues over the coming weeks and months if you would like any information regarding vat or any issues surrounding value added or any other tax then do let us know about value added tax vat or value added tax is charged by businesses at the point of sale of goods and services sold in the uk and the isle of man basically it is a tax on business transactions value added tax was introduced in 1973 as a replacement for purchase tax and selective employment tax as a condition of uk entry into the european economic community the reduction in the standard rate of vat from 17 5 to 15 was prompted by the recent financial turmoil in the global financial system in 2008 and increased to 20 in january 2011 the chancellor stated that the temporary reduction would last for 13 months before returning to 17 5 per cent in january 2010 the chancellor stated in his 2008 pre budget report that this temporary reduction is the equivalent of the government giving back some 12 and a half billion pounds to consumers to boost the economy if you are looking for more calculators such as dividend tax ir35 and more then check out the contractor calculator privacy policy cookie consent by freeprivacypolicy com