VAT on £320
Add or remove VAT at 20%, 5%, 0% on £320, with the net, VAT and gross figures.
Adding 20% VAT to £320 gives £384.00, of which £64.00 is VAT. Removing 20% VAT from £320 gives £266.67 net, with £53.33 of VAT inside the price. At the 5% reduced rate the VAT is £16.00 when added and £15.24 when removed; at 0% nothing changes.
£320 at every VAT rate
| Calculation | Net | VAT | Gross |
|---|---|---|---|
| Add 20% | £320.00 | £64.00 | £384.00 |
| Remove 20% | £266.67 | £53.33 | £320.00 |
| Add 5% | £320.00 | £16.00 | £336.00 |
| Remove 5% | £304.76 | £15.24 | £320.00 |
| Add 0% | £320.00 | £0.00 | £320.00 |
| Remove 0% | £320.00 | £0.00 | £320.00 |
What £320 looks like with and without VAT
£320 sits in the range of a typical supplier invoice, a software subscription paid annually, or a day of someone else's time. If you receive an invoice for £320 plus VAT, the total to pay is £384.00 and the £64.00 of VAT goes in box 4 of your return as input tax, provided the supplier is VAT registered and the invoice shows their number.
If instead £320 is the amount that already includes VAT, the net is £266.67 and the VAT element is £53.33. That split matters for your bookkeeping: the net goes to the expense category and the VAT to your VAT control account. At 5% the VAT inside £320 would be only £15.24, which is why energy bills for a home office show a much smaller tax line than a trade supplier does.
For your own sales, charging £320 net means invoicing £384.00 at the standard rate. Many freelancers price in round net figures and let the VAT sit on top, so the customer sees £320 as the fee and £64.00 as tax they can usually reclaim if they are registered themselves. If your customers are consumers who cannot reclaim, the £384.00 is what they compare against competitors, so it pays to decide which number you are quoting.
Source: GOV.UK: VAT Flat Rate Scheme; GOV.UK: VAT thresholds. Last updated .
Frequently asked questions
- How much is £320 plus VAT?
- £320 plus 20% VAT is £384.00. The VAT element is £64.00. At the 5% reduced rate the total is £336.00, and at 0% it stays at £320.
- How much VAT is included in £320?
- If £320 already includes 20% VAT, the VAT inside it is £53.33 and the net amount is £266.67. You divide by 1.2 to find the net, then subtract to find the VAT.
- What is £320 minus VAT?
- £320 minus 20% VAT is £266.67. That assumes the £320 was a VAT inclusive price. If £320 was already the net price, there is no VAT to take off.
Cite this page: “VAT on £320”, SoleKit, https://solekit.co.uk/vat-calculator/320