Reverse VAT Calculator, Gross to Net: Remove 19% VAT (Extract, Deduct) From Gross Price 45 (Pound, Euro) To Calculate the Net Amount
Calculate the Net Amount and the Value of the Removed VAT, Backwards
Gross to Net: Extract 19% VAT of the Gross Amount 45 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 = 45 (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 =
45 ÷ (1 + 19%) =
45 ÷ (1 + 19/100) =
45 ÷ (1 + 19 ÷ 100) =
45 ÷ (1 + 0.19) =
45 ÷ 1.19 ≈
37.81512605042 ≈
37.82
(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 =
45 - 37.81512605042 =
7.18487394958 ≈
7.18
(Rounded off to max. 2 decimals)
Net Amount ≈ 37.82
VAT Amount ≈ 7.18
Used symbols: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal. Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark.