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VAT on £120

VAT on £120

The VAT on £120 at the standard 20% rate is £24.00, making a gross total of £144.00.

£
Rate of VAT
VAT Breakdown ← New calculation
Net (excl. VAT) £0.00
VAT (at %) £0.00
Gross (incl. VAT) £0.00

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VAT on £120 at 20%

If £120 is the net price (excluding VAT), adding 20% VAT gives:

ItemAmount
Net£120.00
VAT (20%)£24.00
Gross£144.00

If £120 already includes VAT

If £120 is the gross price (including 20% VAT), removing the VAT gives a net of £100.00 and VAT of £20.00 (the VAT is one sixth of the gross).

VAT on £120 at the reduced 5% rate

At the reduced 5% rate, adding VAT to £120 net gives £6.00 VAT and a gross of £126.00.

Frequently asked questions

How much VAT is on £120?

Adding 20% VAT to £120 gives £24.00 of VAT and a gross total of £144.00.

What is £120 plus VAT?

£120 plus 20% VAT is £144.00.