To add 20% VAT to £500, multiply £500 by 1.20.
This gives a total price of £600, including £100 VAT.
Breakdown:
Original price: £500
VAT (20%): £100
Total price: £600
Example:
£500 × 1.20 = £600
VAT = £100
Total = £600
You may also find these helpful:
VAT Calculator UK
Remove VAT
VAT Formula
Disclaimer
This guide is for general information only. While every effort is made to ensure accuracy, we are an independent resource and not affiliated with HMRC. VAT rules can change, and their application may vary depending on your circumstances. You should consult a qualified accountant or tax professional for specific advice.