Remove VAT from a price with VAT included

Remove VAT from a price with VAT included

Price excl. VAT:
E 0.00
VAT 15%
E 0.00
Total incl. VAT:
E 0.00

How to remove VAT from a price with VAT included?

This guide explains how to remove VAT from a final price and how to check the result using the calculator.

How to find out the price without VAT of a product

The opposite situation may also arise, where you want to remove VAT from a price. This happens when the price tag gives one, but with the comment that VAT is included. Knowing the net price of the product could be a perfectly valid question to have.

Formula to remove VAT from a final price

This can be answered by applying the formula:

X
=
Price with VAT
1.15
=
Result price without VAT

Example to remove VAT at 15%

In this case, the E 1,874.5 of the total product price would be divided by 1.15. Giving the following result:

X
=
E 1,874.5
1.15
=
E 1,630

Summary of operations for VAT at 15%

In summary, if you have an VAT of 15%, these are the operations to perform:

  • E 1,630 × 0.15 = E 244.5 (To calculate VAT on prices that do not have it)
  • E 1,630 × 1.15 = E 1,874.5 (To calculate the total price with VAT included)
  • E 1,874.5 ÷ 1.15 = E 1,630 (To calculate the price without VAT)