The VAT on £250 at the standard 20% rate is £50.00, making a gross total of £300.00.
If £250 is the net price (excluding VAT), adding 20% VAT gives:
| Item | Amount |
|---|---|
| Net | £250.00 |
| VAT (20%) | £50.00 |
| Gross | £300.00 |
If £250 is the gross price (including 20% VAT), removing the VAT gives a net of £208.33 and VAT of £41.67 (the VAT is one sixth of the gross).
At the reduced 5% rate, adding VAT to £250 net gives £12.50 VAT and a gross of £262.50.
Adding 20% VAT to £250 gives £50.00 of VAT and a gross total of £300.00.
£250 plus 20% VAT is £300.00.