VAT Calculator, Net to Gross: Add 46% Value Added Tax Rate to 3,290 Net Amount, Sum in Pound or Euro
Calculate the Gross Amount Price and the VAT Amount
Net to Gross: Add 46% VAT to the Net Amount 3,290 Pound, Euro. Meaning of 1 + 46% VAT Rate. Formula and Step by Step Calculations Below
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 = 46%
- Net Amount = 3,290 (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 =
3,290 + 46% × 3,290 =
(1 + 46%) × 3,290 =
(100% + 46%) × 3,290 =
146% × 3,290 =
146/100 × 3,290 =
146 ÷ 100 × 3,290 =
1.46 × 3,290 =
4,803.4
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:
4,803.4 - 3,290 =
1,513.4
Gross Amount = 4,803.4
VAT Amount = 1,513.4
Used symbols: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal. Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark.