Refer a friend and receive up to £1,000!  

VAT Calculator

World class accounting from award winning chartered accountants you can trust

Calculate Your VAT

Complete your VAT calculations here quickly and simply. Enter the amount of VAT you want to add or subtract on the calculator. This will then instantly provide you with your own ‘forwards’ or ’backwards’ VAT element. The standard rate of VAT in the UK in 2019 is 20%.


20.00%

Your VAT Calculation
Without VAT £00.00
With VAT £00.00
VAT £00.00

Calculate VAT

Businesses registered for VAT must pay HMRC a specific percentage of the income they receive from ‘taxable supplies’. This includes the selling of assets, business sales, and commission.

Multiply the net amount by 1 + VAT percentage (i.e. multiply by 1.15 if VAT is 15%) and you’ll get the gross amount.

You’ll need to pay a certain amount of VAT to HMRC, even if you didn’t charge VAT to your customer. This is why it’s crucial you know a) what goods or services to charge VAT on, and b) how much VAT needs to be charged.

Calculate VAT Backwards

Adding VAT is fairly straightforward. But what if your price already has VAT added and you need to work out the original value? This is where calculating VAT ‘backwards’ comes in.

Divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15)

Unfortunately, working out VAT backwards isn’t quite as simple, so it’s always best to double check against handy online calculators at all times.

VAT The History

It is difficult to clearly determine the true origins of Value Added Tax.

It is officially recognised that the concept of VAT was first presented on April 10, 1954 by French engineer Maurice Laure.

It is worth mentioning, however, that this system was also mentioned by the son of the telecommunication magnate Dr. G. von Siemens in his works from 1920.

A tax of similar construction was also introduced in Norway in 1940 with a rate of 10%.

It is known, however, that since the inception VAT has become a very important tool of taxation and to this day is a significant source of income for many modern economies.

Over the years, VAT has been gaining popularity.

It was introduced successively in many economies around the world, eg Denmark (1967), United Kingdom (1973), Mexico (1980), China (1984), New Zealand (1986), Canada (1991), Australia ( 2000) or India (2005).

The increased interest in this form of taxation probably resulted from its two basic advantages:

1: VAT charges consumption, not production.

2. In contrast to the tax on profits, VAT is relatively insensitive to economic crises.

VAT The Future

Right now, VAT faces a significant crossroad. With mass digitalisation, the economy faces both opportunities and obstacles ahead.

In the near future, authorities can utilise Big Data and Artificial Intelligence analytics in the struggle against fraud and tax avoidance.

Using these innovations also brings a more efficiently run process for taxpayers too.

However, digital business structures also provide challenges to the tax authorities, which many countries are already exploring now.

The ever-increasing trend of e-commerce, the huge rise in digital content sales, the ability to create strong anti-fraud measures, and the development of VAT management – have vast repercussions on VAT regulations and means that the future is shrouded in mystery.

Beyond Accountancy

At Nordens we're more than just accountants, we're business experts who can help you achieve the biggest goals.

Nordens Strategic

Our specialist strategic division at Norden’s boasts some of the leading entrepreneurial business minds in the country. They cater towards delivering consistent success stories for businesses looking to achieve all their goals and more.

Through highly tailored guidance, coaching and advice, Norden’s Strategic are able to define exactly how your business can attain new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we steer you along the path to greater future.

Accounting 2 You

Every business, no matter how big or small, needs to make the right decisions. How to best manage your accounts can put huge question marks over your business. Accounting 2 You are here to take that away and provide all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that they can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting 2 You will lead your business efficiently and with a real purpose to help you grow and prosper.

Voted as EXCELLENT - 9.9 out of 10 based on 164 reviews

<
Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

Read more reviews on Trust Pilot

Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

Read more reviews on Trust Pilot

Simon Rose

Director - Rose Opticians

I have been using Norden Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

Read more reviews on Trust Pilot

Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

Read more reviews on Trust Pilot

James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

Read more reviews on Trust Pilot

Christopher Wilce

Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

Read more reviews on Trust Pilot

Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

Read more reviews on Trust Pilot

Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

Read more reviews on Trust Pilot

Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

Read more reviews on Trust Pilot

Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

Read more reviews on Trust Pilot

Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

Read more reviews on Trust Pilot

James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

Read more reviews on Trust Pilot

>
Latest News

We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.

Nordens Chartered Accountant and Business Advisers | Strategic Business Planning | London | Essex | Award winning accountant
Seven Steps To Plan…
Everyone seems to agree that we are on the verge of a worldwide recession. Whether or not this is the case, the economy is facing difficult times and this will affect many businesses. However, as a business owner, there’s no...
Nordens Chartered Accountant and Business Advisers | Strategic Business Planning | London | Essex | Award winning accountant
Can You Claim The…
What is the employment allowance? The employment allowance is a recruitment incentive aimed at smaller employers. It’s worth up to £3,000 per year to set against your employer’s Class 1 NIC bill, making it a valuable allowance...
Nordens TV

We love making videos that break down convoluted accountancy jargon into a plain talking explanation of the important facts.

Nordens Chartered Accountant and Business Advisers | Strategic Business Planning | London | Essex | Award winning accountant
What Is Inheritance Tax?
Safeguarding your loved ones against paying too much inheritance tax If your estate is worth more than £325,000 when you die, your heirs will have to pay inheritance tax on everything over that amount - but they will pay nothi...
Nordens Chartered Accountant and Business Advisers | Strategic Business Planning | London | Essex | Award winning accountant
Preparing Management Accounts
Hi, I’m Mitch Hahn, Partner at Nordens Chartered Accountants. Today I am going to explain what Management Accounting is and how you can use it to help you become more successful. Welcome to Nordens TV! Management accounting ...
  Why I Founded Nordens
Accounting 2 You

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier, the difficult part was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

Mark Norden Signature

Mark Norden
Founder

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). They follow the bye-laws, regulations and ethical guidelines of the ACCA and we are an ACCA accredited employer. We are also accredited by Professional Passport for our Umbrella and accountancy services.