VAT on £360
Add or remove VAT at 20%, 5%, 0% on £360, with the net, VAT and gross figures.
Adding 20% VAT to £360 gives £432.00, of which £72.00 is VAT. Removing 20% VAT from £360 gives £300.00 net, with £60.00 of VAT inside the price. At the 5% reduced rate the VAT is £18.00 when added and £17.14 when removed; at 0% nothing changes.
£360 at every VAT rate
| Calculation | Net | VAT | Gross |
|---|---|---|---|
| Add 20% | £360.00 | £72.00 | £432.00 |
| Remove 20% | £300.00 | £60.00 | £360.00 |
| Add 5% | £360.00 | £18.00 | £378.00 |
| Remove 5% | £342.86 | £17.14 | £360.00 |
| Add 0% | £360.00 | £0.00 | £360.00 |
| Remove 0% | £360.00 | £0.00 | £360.00 |
What £360 looks like with and without VAT
£360 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 £360 plus VAT, the total to pay is £432.00 and the £72.00 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 £360 is the amount that already includes VAT, the net is £300.00 and the VAT element is £60.00. 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 £360 would be only £17.14, 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 £360 net means invoicing £432.00 at the standard rate. Many freelancers price in round net figures and let the VAT sit on top, so the customer sees £360 as the fee and £72.00 as tax they can usually reclaim if they are registered themselves. If your customers are consumers who cannot reclaim, the £432.00 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 £360 plus VAT?
- £360 plus 20% VAT is £432.00. The VAT element is £72.00. At the 5% reduced rate the total is £378.00, and at 0% it stays at £360.
- How much VAT is included in £360?
- If £360 already includes 20% VAT, the VAT inside it is £60.00 and the net amount is £300.00. You divide by 1.2 to find the net, then subtract to find the VAT.
- What is £360 minus VAT?
- £360 minus 20% VAT is £300.00. That assumes the £360 was a VAT inclusive price. If £360 was already the net price, there is no VAT to take off.
Cite this page: “VAT on £360”, SoleKit, https://solekit.co.uk/vat-calculator/360