How we worked it out
Updated as you change the numbers.
- VAT = net × 20%; gross = net × 1.2.
Method and assumptions
Adding VAT multiplies the net price by (1 + rate). Removing it divides the gross price by (1 + rate); for 20% VAT, the VAT is one sixth of a gross price, not 20% of it.
Questions
How much VAT is in £120 at 20%?
£20. The net price is £120 ÷ 1.2 = £100.
Sources
Method and figures checked on . Every worked answer on this page is covered by an automated test. Found a mistake? Tell us.