How it works
Exclusive: VAT = Amount × Rate%, Total = Amount + VAT. Inclusive: Net = Gross ÷ (1 + Rate%), VAT = Gross − Net.
Worked example
$100,000 at 0% VAT (exclusive) → VAT $7,500, total $107,500.
Exclusive: VAT = Amount × Rate%, Total = Amount + VAT. Inclusive: Net = Gross ÷ (1 + Rate%), VAT = Gross − Net.
$100,000 at 0% VAT (exclusive) → VAT $7,500, total $107,500.