UK GST Calculator
GST Calculation Workout
In the United Kingdom, the 20% GST is applied to goods and services. With the help of online GST calculator United kingdom you can easily calculate your GST amount. Goods and Services Tax in the UK was introduced on 4 January 2011. A manual way to find GST Inclusive and exclusive is given below
GST Inclusive Calculation UK
Work backward to find the GST and exclusive amounts from the total GST inclusive price we have to follow some steps
To calculate the GST for other countries we have general calculator to calculate it
To get the GST part of the GST inclusive amount you need to divide the GST inclusive amount by 120 and multiply by 20
To get GST exclusive amount while knowing GST inclusive value you need to multiply GST inclusive price by 100 and then divide the result by 120
Example
Lets we have an amount of $300
To get GST inclusive amount these are the simple steps to work out
- Calculating GST Part
(300/120)*20=$50 - Net Value
(300*100)/120=$250
GST Exclusive Calculation UK
To add the GST amount just multiply the exclusive amount by 1.2
To Add 20% GST
Let’s assume we have GST exclusive amount and we have to calculate the GST inclusive these are the following steps to perform
- $200 * 20%
- $200 + $40 GST= GST inclusive
Example
Lets we have a amount of $300
- $300+GST
= $300 * 1.2
= $60 is GST amount
= $360 is GST inclusive Amount