VAT
Tax on purchases
VAT stands for value-added tax, a consumption tax levied at each stage of production based on the value added at that stage.
Common throughout Europe and much of the world, though not in the United States: The price includes VAT.
Is VAT reclaimable on business expenses? (Lowercase vat is a large container.)
tax
Increased worth through enhancement
- consumptionUsing up of resources
- levyCompulsory government charge
- invoiceItemized billing statement
- indirectNot straight or immediate
percentage · exemption · refund · compliance · registration · input · output · taxable
value-added
Increased worth through enhancement
- consumptionUsing up of resources
- levyCompulsory government charge
- invoiceItemized billing statement
indirect · percentage · exemption · refund · compliance · registration · input · output · taxable · GST
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- UK FinanceBank of England, pound sterling, pound, gilts, FTSE
- UK Policytax policy, economic policy, education policy, health policy, housing policy
- government chargesincome taxes, sales taxes, property taxes, customs duties, excise taxes
- Indirect Taxesexcise tax, value-added tax, sales tax, customs duty, import duty
- sales taxessales tax, retail tax, consumption tax, value added tax, value-added tax
tax type
VATincome tax
Government charge on earnings
direct tax · property tax · capital gains tax · wealth tax · inheritance tax
- VAT numberBusiness tax registration code
- wine vatGrape fermentation container
- brain in vatHypothetical isolated mind
- brewing vatContainer for making beer