Reverse VAT Calculator, Gross to Net: Remove 19% VAT Rate From Gross Amount (Tax Including) 11,755.22 (Pound, Euro) To Calculate the Net (Tax Excluding)
Calculate the Net Amount and the Value of the Removed VAT, Backwards
Gross to Net: Extract 19% VAT of the Gross Amount 11,755.22 Pound, Euro. Meaning of 1 + 19% VAT Rate. Formula and Calculations Below
Take the VAT Off of the Gross Amount (With Tax), Calculate Net 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 = 19% - The VAT Rate value can be written in several equivalent ways:
- 19% = 19/100 = 19 ÷ 100
- Net Amount = The amount of money without VAT (excluding VAT)
- Gross Amount = 11,755.22 (Pound, Euro) = The amount of money with VAT included (including VAT)
- Gross Amount = Net Amount + VAT Amount
1. Rewrite the Gross Amount formula:
- 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
2. Calculate the Net Amount:
- Formula:
- Gross Amount = Net Amount × (1 + VAT Rate)
- ⇒ Write the Net Amount based on the Gross Amount:
- Net Amount = Gross Amount ÷ (1 + VAT Rate)
Calculation:
Net Amount =
11,755.22 ÷ (1 + 19%) =
11,755.22 ÷ (1 + 19/100) =
11,755.22 ÷ (1 + 19 ÷ 100) =
11,755.22 ÷ (1 + 0.19) =
11,755.22 ÷ 1.19 ≈
9,878.336134453782 ≈
9,878.34
(Rounded off to max. 2 decimals)
3. Calculate the Amount of the Extracted VAT (Deducted, Subtracted):
- Formula:
- VAT Amount = Gross Amount - Net Amount
- The VAT Amount, charged by the operators, is transferred to the state budget.
Calculation:
VAT Amount =
11,755.22 - 9,878.336134453782 =
1,876.883865546218 ≈
1,876.88
(Rounded off to max. 2 decimals)
Net Amount ≈ 9,878.34
VAT Amount ≈ 1,876.88
Used symbols: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal. Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark.