Net Amount (excluding VAT)


VAT (at 5%)


Gross Amount (including VAT)


VAT Calculator Online UK / UAE

What is a Value-Added Tax - VAT
A value-added tax (VAT) is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at the point of retail sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

More than 160 countries around the world use value-added taxation; it is most common in the European Union. But it is not without controversy. Advocates say it raises government revenues without punishing success or wealth, as income taxes do; it is also simpler and more standardized than a traditional sales tax, and there are fewer compliance issues. Critics charge that a VAT is essentially a regressive tax that places an increased economic strain on lower-income taxpayers, and also adds bureaucratic burdens for businesses.

Will VAT influence school costs like transport affirmation, attires and perusing material in UAE?

Indeed, VAT is appropriate on outfits, course readings and stationery. Regardless, transport confirmation is an avoided class.

Posted 21 October, 2018

Would salon and spa administrations be influenced by VAT?

Yes, providing a service will be charged VAT according to the service by the customer who attains it.

Posted 21 October, 2018

What will be prohibited from the obligation of VAT in UAE?

The UAE government has formally pronounced that 100 sustenance things, prosperity, guidance, bicycles, and social organizations would be exempted from VAT.

Posted 21 October, 2018

What administrations are in extent of VAT?

The standard VAT rate of 5% has been concurred by all Member States of the GCC, and will be connected on merchandise and ventures (e.g. nourishment, counseling administrations, support works and so forth.) that are not VAT excluded or zero-appraised. The Federal VAT Law subjects various particular exchanges to the zero rate or assigns them as excluded from VAT, which means VAT won't be represented on these provisions. Organizations are encouraged to contact their expense consultants for particular guidance on which administrations are arranged at which rate.

Posted 21 October, 2018

Survive in London on a salary of £20k? (1666 after tax per month)

What are your honest thoughts on this? Unless I have counted wrong, it comes out to roughly £1666 pcm after taxes.

10 600 is tax free. The rest, 9400, is taxed at 20%. Is there anything wrong with this?

  • Rent: 750
  • Bills: 50
  • Food: 250

  • Commute: 230 (monthly travelcard, zone 1-6).

This leaves roughly 400 pounds after everything has been paid.

In my calculations, I think the rent and the travelcard might cost on the higher-end of things. Therefore there might be cheaper alternatives?

My question is, is it possible to live within 30 minutes by bike to tower of London for a rent that is between 400-750(which is roughly where the office is)?

Posted 12 February, 2018

I need to find an accountant in London to deal with tax returns, recommendations?

What it says on the tin, its just to sort out my personal stuff some paye and freelance, thanks.

Posted 12 February, 2018

How much TAX would you pay back home?

Let's think positive for a few minutes. :)

Me I would have to give roughly 50% of my income salary as tax. Then everything would have a 20% VAT (Except food at 5.5%). I would then pay around 2500 AED/year as housing tax.

I remember my last year back home, I got a bonus that pushed me up a tax bracket and 90% of my bonus went into paying the additional taxes... It was... so... so... I can't even...

In exchange for that I would get nearly free school all the way to a PhD, cheap healthcare (except eye and dental), some limited unemployment benefit and I'd be paying for a retirement system that will probably stop existing before I can benefit from it.

5% is meh. I'm still get much more available income here than there.

Posted 8 February, 2018

Will VAT apply on rents additionally and stopping in the building?

No, VAT isn't appropriate on private rents. In the event that the stopping expense is charged independently, you need to pay VAT.

Posted 21 October, 2018

Is Standard Chartered Bank required to charge VAT in UAE?

Truly. Standard Chartered Bank, a VAT enrolled business, is required to charge and assemble VAT on its assessable supplies of stock and adventures made in the UAE. The VAT charged will by then be transmitted to the Federal Tax Authority ('FTA').

Posted 21 October, 2018

Which writing computer programs is profitable for VAT in UAE?

Taxpay is a champion among other Vat POS Software in UAE, providing the moved POS, multi-outlet retail, and stock organization structure for all Retail and Wholesale in UAE. Make your charging system best and serious. Taxpay is starting at now being used by 1000 + private endeavors all over UAE. Download taxpay application to build up your retail store and besides make your Sales and Purchases in Minutes with taxpay.

Posted 21 October, 2018