The VAT on £200 at the standard 20% rate is £40.00, making a gross total of £240.00.
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If £200 is the net price (excluding VAT), adding 20% VAT gives:
| Item | Amount |
|---|---|
| Net | £200.00 |
| VAT (20%) | £40.00 |
| Gross | £240.00 |
If £200 is the gross price (including 20% VAT), removing the VAT gives a net of £166.67 and VAT of £33.33 (the VAT is one sixth of the gross).
At the reduced 5% rate, adding VAT to £200 net gives £10.00 VAT and a gross of £210.00.
Adding 20% VAT to £200 gives £40.00 of VAT and a gross total of £240.00.
£200 plus 20% VAT is £240.00.