(value-added tax)
11Value added tax — Taxation An aspect of fiscal policy …
12Value-added tax — Method of indirect taxation whereby a tax is levied at each stage of production on the value added at that specific stage. The New York Times Financial Glossary * * * value added tax value added tax ➔ tax1 * * * value added tax UK US (also value… …
13value added tax — N UNCOUNT Value added tax is a tax that is added to the price of goods or services. The abbreviation VAT is also used. [BRIT] …
14Value Added Tax-free Exports from the Channel Islands — are exports of goods from the Channel Islands on which value added tax (VAT) is not levied. In recent years, companies in the United Kingdom have expressed concern at the competition thereby offered to their goods on which VAT is… …
15Value Added Tax Act 1994 — (VATA) EC Directive 2006/112/EC (which recast the Sixth VAT Directive (77/388/EEC) with effect from 1 January 2007) is the principal directive governing value added tax and is implemented in the UK by the VATA. It sets out the framework of the… …
16Value-Added Tax - VAT — A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. Value added tax (VAT) is most often used in the European Union. The amount of value added tax that the user pays is the cost …
17Value added tax identification number — The Value added tax identification number (VATIN) is an identifier used in the European Union Value Added Tax for taxation purposes.The identifier starts with an ISO 3166 1 alpha 2 country code, except for Greece which uses the non standard… …
18value-added tax (VAT) — Government levy on the amount a firm adds to the price of a goods or services as value is added that is, at each step of their production and distribution. In the most common method of calculation, the seller subtracts the sum of taxes paid on… …
19Value Added Tax in Madhya Pradesh — MADHYA PRADESH VALUE ADDED TAX ACTVAT Tax payable on value addition. Value Addition is not profit it is difference between sale prices and purchase price.METHODS OF CHARGING VAT1. Subtraction Method In this method tax is charged on difference of… …
20value-added tax — an excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the… …
