VAT Calculator, Net to Gross: Add 23% Value Added Tax Rate to 40.1 Net Amount, Sum in Pound or Euro

Calculate the Gross Amount Price and the VAT Amount

Net to Gross: Add 23% VAT to the Net Amount 40.1 Pound, Euro. Meaning of 1 + 23% VAT Rate. Formula and Step by Step Calculations Below

Calculations:

Add VAT to the Net Amount (Without Tax), Calculate Gross Amount

VAT. Gross Amount. Net Amount.

VAT = Value Added Tax is a tax charged of each economic agent involved in the business cycle and transferred to the state budget. VAT is charged as a percentage (VAT rate) of value and added at every level of production of a good.
VAT Rate = 23%
Net Amount = 40.1 (Pound, Euro) = The amount of money without VAT (excluding VAT)
Gross Amount = The amount of money with VAT included (including VAT)
Gross Amount = Net Amount + VAT Amount

1. Calculate the Gross Amount:

Formula:
1) VAT Amount = VAT Rate × Net Amount
2) Gross Amount = Net Amount + VAT Amount
...
⇒ Substitute for the VAT Amount in the Gross Amount formula:
Gross Amount = Net Amount + VAT Rate × Net Amount
...
Please see that the Net Amount is a common factor:
Gross Amount = Net Amount + VAT Rate × Net Amount ⇒
Gross Amount = (1 + VAT Rate) × Net Amount
...
Note: 1 = 100 ÷ 100 = ¹⁰⁰/₁₀₀ = 100%

Calculation:

Gross Amount =

40.1 + 23% × 40.1 =

(1 + 23%) × 40.1 =

(100% + 23%) × 40.1 =

123% × 40.1 =

¹²³/₁₀₀ × 40.1 =

123 ÷ 100 × 40.1 =

1.23 × 40.1 =

49.323 ≈

(Rounded off to max. 2 decimals)
49.32

2. Calculate the VAT Amount that was added to the Net Amount

Formula:
VAT Amount = Gross Amount - Net Amount
The VAT Amount, charged by the operators, is transferred to the state budget.

Calculation:

49.323 - 40.1 =

9.223 ≈

(Rounded off to max. 2 decimals)
9.22

Gross Amount ≈ 49.32
VAT Amount ≈ 9.22

Used symbols: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal. Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark.

More Operations of Adding VAT to the Net Amounts:

» Add 22% VAT (22 is the Value Added Tax Rate) to the Net Amount (the value without VAT, tax excluding) of 40.1 to get the Gross Amount (VAT including, the value with VAT included)

» Add 24% VAT (24 is the Value Added Tax Rate) to the Net Amount (the value without VAT, tax excluding) of 40.1 to get the Gross Amount (VAT including, the value with VAT included)

» New: All the Calculations Performed by Our Visitors: Net to Gross, VAT Added to Net Amounts. Data organized on a Monthly Basis

How to Add the Value Added Tax (VAT) to the Net Amount (Without Tax).

Calculate the Gross Amount (With Tax Included).

Gross Amount = Net Amount + Tax Amount
Tax Amount = Tax% × Net Amount
Gross Amount = Net Amount + Tax% × Net Amount = (1 + Tax%) × Net Amount
In conclusion:
Gross Amount = (1 + Tax%) × Net Amount ... if we know the Net Amount
Net Amount = Gross Amount ÷ (1 + Tax%) ... if we know the Gross Amount

Examples of calculations, adding VAT to the Net Amount:

If Tax rate is 20%, (1 + Tax%) = 1 + 20% = ¹⁰⁰/₁₀₀ + ²⁰/₁₀₀ = ¹²⁰/₁₀₀ = 1.2 => Tax included value = 1.2 × Net Amount, and Net Amount = Tax included value ÷ 1.2;
If Tax rate is 9%, (1 + Tax%) = 1 + 9% = ¹⁰⁰/₁₀₀ + ⁹/₁₀₀ = ¹⁰⁹/₁₀₀ = 1.09 => Tax included value = 1.09 × Net Amount, and Net Amount = Tax included value ÷ 1.09;
If Tax rate is 5%, (1 + Tax%) = 1 + 5% = ¹⁰⁰/₁₀₀ + ⁵/₁₀₀ = ¹⁰⁵/₁₀₀ = 1.05 => Tax included value = 1.05 × Net Amount, and Net Amount = Tax included value ÷ 1.05;

VAT (Value Added Tax): what is it?

VAT is a tax charged of each economic agent involved in the business cycle of manufacturing of a product or providing a service within the scope of taxation. VAT, charged by the operators, is transferred to the state budget.

Value-added tax (VAT) is charged as a percentage of the value, added at every level of production of a good. A cider maker would pay a percentage of the difference between what they charge for cider and what they pay for apples. Put differently; this is a tax on company's gross margins, rather than just the end user.

There are standard VAT rates in effect, for example the standard VAT rate could be 20%, and some reduced rates could be 9% and 5% respectively, but they depend on each country.