Download UK VAT Payable Calculator Template In Excel

UK VAT Payable Calculator Excel Template is an template that helps you easily calculate your tax liability payable to HRCM.

Additionally, you can calculate input vat as well as output vat separately. This template can be helpful to small and medium-size business.

What is VAT Payable?

VAT payable is VAT liability paid by the businesses registered under VAT in the UK. When we make sales we collect VAT on it. We issue Credit Notes and Debit Notes against invoices that we need to adjust while calculating VAT payable.

Furthermore, we are entitled to recoverable VAT input tax on purchases that we make for providing a taxable supply. This VAT input reduces tax liability and hence is deduct from total output tax.

Furthermore, as per VAT Notice 735 of the UK VAT Law, you have to pay VAT under reverse charge under some conditions.

Formula of Calculate UK VAT Payable

VAT Output Tax – VAT Input Tax = VAT Payable


Input VAT = VAT on Purchases + VAT allowable (acquisitions) – Input Tax Adjustment + Bad debt relief – VAT Debit Notes


Output VAT =  VAT on Sales + VAT due (acquisitions) – Output Tax Adjustments + Annual adjustment (retail/apportionment scheme) – VAT Credit Notes

UK VAT Payable Calculator Excel Template

We have create a simple and easy UK VAT Payable Calculator Excel Template with predefine formulas. Just enter few details and it will automatically calculate your VAT liability.

Contents of UK VAT Payable Calculator

This template consists of following sections: Heading, Input VAT, and Output VAT.

Heading Section

The heading section consists of company name, log and sheet heading. Insert your logo and name of your company to customize as per your needs.

Input VAT Section

Input VAT section consists of following:

VAT on Purchase
VAT allowable – acquisition
Input Tax Adjustment
Bad debt relief
VAT Debit Notes

Insert the above detail and template automatically calculates Subtotal amount.

Subtotal = VAT on Purchases  + VAT allowable (acquisitions) – Input Tax Adjustment + Bad debt relief

Total Tax Deductible = Subtotal – Vat Debit Notes

Output VAT Section

Output VAT consists of following:

VAT on Sales
VAT due (acquisitions)
Output Tax Adjustments
Annual adjustment (retail/apportionment scheme)
VAT Credit Notes

This template can be useful to small and medium-sized businesses like wholesalers, semi-wholesale and trading.

Download this UK VAT Payable Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get UK VAT Payable Calculator Excel Template

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