VAT Calculator
Don’t waste your energy working out VAT – let FreshBooks free VAT calculator do it for you.
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business owners have saved up to €5,000/year on accounting costs with FreshBooks
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What Is a VAT Calculator?
A VAT calculator is a brilliant, time-saving tool. Get accurate VAT figures without needing to work out the calculations yourself. No more actual mathematical formulas for you. That’s the VAT calculator’s job now. All you have to do is input your numbers, select the correct VAT rate, and the calculator instantly adds or subtracts the VAT for you. And you can reinvest that saved time into more lucrative areas of your business.
How to Calculate VAT
Without the FreshBooks VAT calculator, you need to work out your VAT manually – like this:
Adding VAT
Choose the appropriate rate of VAT: 23%, 13.5%, 9% or 4.8%
Choose which number you need for your VAT calculation
- 23%: 1.23
- 13.5%: 1.135
- 9%: 1.09
- 4.8%: 1.048
Multiply your price by the appropriate number for your VAT rate. €50 x 1.23 = €61.50 This gives your gross price, including VAT.
Deducting VAT
Decide which rate of VAT you need to apply
Choose the correct decimal for that percentage to use in your calculation
- 23%: 1.23
- 13.5%: 1.135
- 9%: 1.09
- 4.8%: 1.048
To deduct the VAT, you divide the cost by this decimal number.
For example: Price / 1.23 = net price €150 / 1.23 = €121.95
FreshBooks VAT Calculator makes adding and removing VAT surprisingly painless.
FreshBooks VAT calculator gives you uncomplicated access to important figures. Intuitive tech, simplifying accounting processes that are essential to your business’s success.
And FreshBooks doesn’t just streamline your VAT. There’s a whole suite of help to increase your financial efficiency. We’ve created a free ROI Calculator so that you can get an individualised estimate of how much you’ll save – in both time and money.
How Much is VAT in Ireland?
The Revenue has set 5 different rates of VAT for Ireland. One is the zero rate, which doesn’t make any difference to the price of goods and services.
The other 4 all apply to different items, as follows:
Standard Rate of 23% :
Applies to most goods and services
Reduced Rate of 13.5% :
Applies to certain things, like specific fuels and building services
Second Reduced Rate of 9% :
Payable on a small list of items, including newspapers and periodicals
Livestock Rate of 4.8% :
Applies to the sale of livestock and horses
Despite the intricacies of the regulations, FreshBooks Making Tax Digital Software makes recording and reporting your VAT very straightforward.
There’s a detailed breakdown of all of Ireland’s VAT rates and categories here.
It’s quite the task, just checking that you’re using the correct VAT rate. Never mind all the other paperwork your business generates.
Time is money – and you’ll save both with FreshBooks software looking after your tax and accounting processes. No matter how complicated it gets, FreshBooks is a straight, affordable path through the regulations.
Give it a try, for free, for a month. There’s nothing to lose (apart from VAT-induced headaches). And there’s plenty of time and money to be gained.
Try it free for 30 days.
No credit card required. Cancel anytime.