A VAT (Value Added Tax) calculator is a tool that can be used to calculate the amount of VAT that is included in a given price or the total amount of VAT payable on a set of goods or services.

The formula to calculate the VAT amount is:

VAT amount = (VAT rate / 100) x Net price

Where:

• VAT rate is the percentage of VAT to be applied to the net price
• Net price is the price of the goods or services before VAT is added

To calculate the total price including VAT, you simply add the VAT amount to the net price:

Total price = Net price + VAT amount

For example, let’s say you want to calculate the VAT on a product that costs $100 with a VAT rate of 20%. Here’s how to do it:

1. Calculate the VAT amount: VAT amount = (20 / 100) x $100 = $20
2. Calculate the total price: Total price = $100 + $20 = $120

Therefore, the total price of the product including VAT is $120.