Lastly, to this result you need to add the initial price of the product or service = (Initial Price *VAT) + Initial Price. So, the formula to calculate VAT using Excel would be =(A1*B1)+A1, giving you the total price including VAT. Following this example, type in =(50*0.21)+50. The final result will be 60.5.
How does the VAT calculator handle complex scenarios, such as different VAT rates for various product categories, VAT exemptions, or cases where VAT is charged only on a portion of the price?
-- Edited by henry8293 on Thursday 31st of October 2024 12:13:06 PM