VAT on £350
Add or remove VAT at 20%, 5%, 0% on £350, with the net, VAT and gross figures.
Adding 20% VAT to £350 gives £420.00, of which £70.00 is VAT. Removing 20% VAT from £350 gives £291.67 net, with £58.33 of VAT inside the price. At the 5% reduced rate the VAT is £17.50 when added and £16.67 when removed; at 0% nothing changes.
£350 at every VAT rate
| Calculation | Net | VAT | Gross |
|---|---|---|---|
| Add 20% | £350.00 | £70.00 | £420.00 |
| Remove 20% | £291.67 | £58.33 | £350.00 |
| Add 5% | £350.00 | £17.50 | £367.50 |
| Remove 5% | £333.33 | £16.67 | £350.00 |
| Add 0% | £350.00 | £0.00 | £350.00 |
| Remove 0% | £350.00 | £0.00 | £350.00 |
What £350 looks like with and without VAT
£350 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 £350 plus VAT, the total to pay is £420.00 and the £70.00 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 £350 is the amount that already includes VAT, the net is £291.67 and the VAT element is £58.33. 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 £350 would be only £16.67, 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 £350 net means invoicing £420.00 at the standard rate. Many freelancers price in round net figures and let the VAT sit on top, so the customer sees £350 as the fee and £70.00 as tax they can usually reclaim if they are registered themselves. If your customers are consumers who cannot reclaim, the £420.00 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 £350 plus VAT?
- £350 plus 20% VAT is £420.00. The VAT element is £70.00. At the 5% reduced rate the total is £367.50, and at 0% it stays at £350.
- How much VAT is included in £350?
- If £350 already includes 20% VAT, the VAT inside it is £58.33 and the net amount is £291.67. You divide by 1.2 to find the net, then subtract to find the VAT.
- What is £350 minus VAT?
- £350 minus 20% VAT is £291.67. That assumes the £350 was a VAT inclusive price. If £350 was already the net price, there is no VAT to take off.
Cite this page: “VAT on £350”, SoleKit, https://solekit.co.uk/vat-calculator/350