How To Calculate Vat 15

Introduction & Importance

Value Added Tax (VAT) is a type of indirect tax imposed on the sale of goods and services. Understanding how to calculate VAT 15% is crucial for businesses and consumers alike. This calculator and guide will help you master VAT calculation.

How to Use This Calculator

1. Enter the amount you want to calculate VAT for.
2. Select the VAT rate (15% in this case).
3. Click ‘Calculate’.

Formula & Methodology

The formula to calculate VAT is:

VAT = Amount × (Rate / 100)

For example, if the amount is £100 and the rate is 15%, the calculation would be:

VAT = 100 × (15 / 100) = £15

HMRC VAT guide

Oxford University’s VAT research