VAT on £480
Add or remove VAT at 20%, 5%, 0% on £480, with the net, VAT and gross figures.
Adding 20% VAT to £480 gives £576.00, of which £96.00 is VAT. Removing 20% VAT from £480 gives £400.00 net, with £80.00 of VAT inside the price. At the 5% reduced rate the VAT is £24.00 when added and £22.86 when removed; at 0% nothing changes.
£480 at every VAT rate
| Calculation | Net | VAT | Gross |
|---|---|---|---|
| Add 20% | £480.00 | £96.00 | £576.00 |
| Remove 20% | £400.00 | £80.00 | £480.00 |
| Add 5% | £480.00 | £24.00 | £504.00 |
| Remove 5% | £457.14 | £22.86 | £480.00 |
| Add 0% | £480.00 | £0.00 | £480.00 |
| Remove 0% | £480.00 | £0.00 | £480.00 |
What £480 looks like with and without VAT
£480 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 £480 plus VAT, the total to pay is £576.00 and the £96.00 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 £480 is the amount that already includes VAT, the net is £400.00 and the VAT element is £80.00. 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 £480 would be only £22.86, 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 £480 net means invoicing £576.00 at the standard rate. Many freelancers price in round net figures and let the VAT sit on top, so the customer sees £480 as the fee and £96.00 as tax they can usually reclaim if they are registered themselves. If your customers are consumers who cannot reclaim, the £576.00 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 £480 plus VAT?
- £480 plus 20% VAT is £576.00. The VAT element is £96.00. At the 5% reduced rate the total is £504.00, and at 0% it stays at £480.
- How much VAT is included in £480?
- If £480 already includes 20% VAT, the VAT inside it is £80.00 and the net amount is £400.00. You divide by 1.2 to find the net, then subtract to find the VAT.
- What is £480 minus VAT?
- £480 minus 20% VAT is £400.00. That assumes the £480 was a VAT inclusive price. If £480 was already the net price, there is no VAT to take off.
Cite this page: “VAT on £480”, SoleKit, https://solekit.co.uk/vat-calculator/480