VAT on £60
Quick answer
Adding 20% VAT to £60 gives £72 — that's £12 of VAT. If £60 already includes VAT, the VAT portion is £10.
- Net amount
- £60
- VAT @ 20%
- + £12
- Gross (inc. VAT)
- £72
How much is VAT on £60?
At the standard UK rate of 20%, the VAT on £60 is £12. Add that to the net price and the total including VAT is £72.
Removing VAT from £60
If £60 is a VAT-inclusive (gross) figure, work backwards by dividing by 1.20: the net amount is £50 and the VAT element is £10. This is the figure a VAT-registered business reclaims or reports.
| Scenario | Net | VAT | Gross |
|---|---|---|---|
| £60 + VAT | £60 | £12 | £72 |
| £60 inc. VAT | £50 | £10 | £60 |