Running a restaurant involves many costs, from ingredients to labor and taxes. One of the most important taxes that must be handled is the VAT (Value Added Tax) rate applied on food and beverages. The VAT rate can be vary based on your country and type of item.
That's where our Restaurant VAT Calculator makes life easier for owners and managers — it simplifies the VAT calculation process on your restaurant bill. Keep reading, we will walk you through everything step by step, and including following:
VAT, also known as Value Added Tax, is a consumption tax that has to be paid on goods and services. It is widely used in over 160 countries, including the UK, India, EU nations, Australia and others. The VAT rates can vary depending on the country and the item such as food, and beverages.
The Restaurant VAT Calculator is an online calculator that is specially designed for calculating VAT on restaurant bills. It takes that inputs from users, including Amount, Amount Type, and VAT rate in percentage to calculate the following values:
🛈 Note:
Our Restaurant VAT Calculator is easy to use. You just need to fill out the required fields, and the calculator will instantly display the calculated result. Fill the following fields:
Once all fields are filled, the calculator will display the VAT Amount and other results.
Example: UK Restaurant Bill
Imagine a restaurant in the UK with a bill of £80
(VAT exclusive without tax), and the food VAT rate is 20%
.
£16
£96
£80
So, the VAT added to the restaurant bill is £16
.
The calculator works globally. Just ensure that you the correct VAT rate (%) based on your country. Each country has different VAT rates, E.g: