VAT formulas for 22% (and any other rate)
How to remove VAT (VAT-inclusive price):
VAT = Amount × 22 / 122
NetAmount = Amount / 1.22
Use this when you know the full price of a product or service and need to find out how much of it is tax.
How to add VAT (on top of a net price):
VAT = Amount × 0.22
Total = Amount × 1.22
Use this when you prepare a price list or quote without tax and add 22% to the final amount due.