VAT on £10,000
Quick answer
Adding 20% VAT to £10,000 gives £12,000 — that's £2,000 of VAT. If £10,000 already includes VAT, the VAT portion is £1,667.
- Net amount
- £10,000
- VAT @ 20%
- + £2,000
- Gross (inc. VAT)
- £12,000
How much is VAT on £10,000?
At the standard UK rate of 20%, the VAT on £10,000 is £2,000. Add that to the net price and the total including VAT is £12,000.
Removing VAT from £10,000
If £10,000 is a VAT-inclusive (gross) figure, work backwards by dividing by 1.20: the net amount is £8,333 and the VAT element is £1,667. This is the figure a VAT-registered business reclaims or reports.
| Scenario | Net | VAT | Gross |
|---|---|---|---|
| £10,000 + VAT | £10,000 | £2,000 | £12,000 |
| £10,000 inc. VAT | £8,333 | £1,667 | £10,000 |