(a) purchase tax
1purchase tax — ➔ tax1 * * * purchase tax UK US noun [C or U] COMMERCE, TAX ► a tax that is added to the price of something that people buy, but not to the price of basic goods: »In the UK VAT was introduced in 1973, replacing purchase tax. → Compare SALES TAX( …
2purchase tax — noun : a tax imposed in Great Britain upon various commodities at rates graduated according to the degree of luxury or necessity of the particular commodity * * * Brit. a sales tax on nonessential and luxury goods. [1935 40] * * * purchase tax… …
3purchase tax — tax added to the cost of consumer goods …
4purchase tax — Brit. a sales tax on nonessential and luxury goods. [1935 40] * * * …
5purchase tax — noun a tax added to the price of goods sold to consumers …
6purchase tax — /ˈpɜtʃəs tæks/ (say perchuhs taks) noun British → sales tax …
7purchase tax — / pɜ:tʃɪs tæks/ noun a tax paid on things which are bought …
8purchase tax — / pɜ:tʃɪs tæks/ noun a tax paid on things which are bought …
9tax — ▪ I. tax tax 1 [tæks] noun [countable, uncountable] TAX an amount of money that you must pay to the government according to your income, property, goods etc, that is used to pay for public services: • The President said he would cut taxes for… …
10Tax rate — For a type of taxation system in the United Kingdom and elsewhere, see Rates (tax). Taxation An aspect of fiscal policy …
