Choose whether to add tax to a price before tax, or to remove it from a price that already includes tax, then enter the rate.
Add tax: total = price × (1 + rate). Remove tax: price before tax = total ÷ (1 + rate); tax = total − price before tax.
At 15% VAT, a 200 item costs 200 × 1.15 = 230. A receipt of 230 including VAT contains 230 − 230 ÷ 1.15 = 30 of tax.