VAt calculation in UK

[CFFAN]

Hi all,
I want to sell a product in UK in our website....how can i calculate VAT for that?if a person outside the uk have to pay the same VAT rate of UK or his own country vat rate?

[acoder]

Is this a Coldfusion question?

I can answer the first question: VAT in the UK is normally 17.5%, but for around 13 months, it's been reduced to 15% (till December '09).

[CFFAN]

Thanks for your replay..i wnd to implement this to my coldfusion sie.....i am doubt this calculation regarding vat "how can i calculate VAT for that?if a person outside the uk have to pay the same VAT rate of UK or his own country vat rate? "

[acoder]

Well, whatever the VAT rate is, just add that to the price (excluding VAT), e.g.

<!--- vat_rate is set as a percentage, e.g. 15 --->
<cfset price = price * (1 + (vat_rate/100))>

[CFFAN]

In this formula y adding 1 ?
price * (vatrate/100) is it enough??

[acoder]

Well, it's enough if you just want to find out the VAT that will need to be added but if you want to add it to the price and get the new price with the VAT added then you will need the one.