88 Plus VAT
Here we will answer your query to 88 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 88.
My Vat Calculator most reliable source for calculations with live up-to-date VAT Rates. Last Updated Rates; October 3, 2023.
What Is 88 Plus VAT?
The answer to 88 plus VAT is 108.24 .
What is 88 plus VAT?
88 plus VAT is calculated below;
108.24
Breakdown of The Calculation
| Price | Rate | Gross Price | VAT Amount |
|---|---|---|---|
| 88 | 23% | 108.24 | 20.24 |
Recalculate Your Own Custom Price Plus VAT Below
Formula For Calculating 88 Plus VAT
If you are adding Value Added Tax; then you need to multiply the price by (100 + VAT percentage). This is the price, including VAT (Gross value)
The formula for adding VAT To A Price;
T = P x (100 + VAT percentage)
Formula explained in this case;
- T = 108.24
- P = 88
- VAT percentage = 23%
The calculation;
T (108.24) = 88 x (100 + .23)