(value-added tax)
21value-added tax — val′ue add′ed tax n. bus an excise tax based on the value added to a product at each stage of production • Etymology: 1930–35 …
22value-added tax — noun Date: 1935 an incremental excise that is levied on the value added at each stage of the processing of a raw material or the production and distribution of a commodity and that typically has the impact of a sales tax on the ultimate consumer …
23value added tax — noun A tax levied on the added value that results from the exchange of goods and services. Syn: goods and services tax, GST …
24value-added tax — noun a tax levied on the difference between a commodity s price before taxes and its cost of production • Syn: ↑VAT, ↑ad valorem tax • Hypernyms: ↑excise, ↑excise tax * * * noun [noncount] : a tax that is added to products at each stage of their… …
25Value Added Tax — n [U] (abbr VAT) (in Britain) a tax of 17.5% which is added to the price of goods and services when they are sold. The money from the tax is collected by the person selling the goods and must then be paid to the government. Certain types of goods …
26value added tax — noun a tax on the amount by which the value of an article has been increased at each stage of its production or distribution …
27value added tax — VAT A charge on taxable supplies of goods and services made in the UK by a taxable person in the course or furtherance of a business. Where appropriate, each trader adds VAT to sales and must account to the Board of Customs and Excise for the… …
28value added tax — VAT A charge on taxable supply of goods and services made in the UK by a taxable person in the course or furtherance of a business. Where appropriate, each trader adds VAT to sales and must account to HM Revenue and Customs for the output tax The …
29value added tax — VAT An *indirect tax on goods or services collected at incremental stages of *production and distribution. See also *consumption tax and *sales tax …
30value added tax — Insurance policy in which a definite valuation is by agreement of both parties put on the subject matter of the insurance and written in the face of the policy and such value, in the absence of fraud or mistake, is conclusive on the parties. One… …
