VAT on £300
Quick answer
Adding 20% VAT to £300 gives £360 — that's £60 of VAT. If £300 already includes VAT, the VAT portion is £50.
- Net amount
- £300
- VAT @ 20%
- + £60
- Gross (inc. VAT)
- £360
How much is VAT on £300?
At the standard UK rate of 20%, the VAT on £300 is £60. Add that to the net price and the total including VAT is £360.
Removing VAT from £300
If £300 is a VAT-inclusive (gross) figure, work backwards by dividing by 1.20: the net amount is £250 and the VAT element is £50. This is the figure a VAT-registered business reclaims or reports.
| Scenario | Net | VAT | Gross |
|---|---|---|---|
| £300 + VAT | £300 | £60 | £360 |
| £300 inc. VAT | £250 | £50 | £300 |