Vat: meaning, definitions and examples

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vat

[væt ]

Definitions

^{Context #1 | Noun}

tax

A tax levied on the sale of goods and services, ultimately paid by the consumer.

Synonyms

sales tax, value-added tax.

Which Synonym Should You Choose?

Word	Description / Examples
vat	An acronym for value-added tax, used in the same contexts as 'value-added tax' and often in formal or business communications. The invoice includes VAT at the standard rate Small businesses must register for VAT if their turnover exceeds a certain threshold
value-added tax	A type of tax that is applied incrementally at each stage of production or distribution of goods and services. Common in many European countries. The value-added tax on this product is 20% Companies can often reclaim the value-added tax that they have paid on business expenses
sales tax	A tax on sales or on the receipts from sales, typically added to the price of goods and services at the point of sale. Common in many countries. The price of the shirt was $20, but with sales tax, it came to $21 50 Different states have different sales tax rates

Word

Description / Examples

vat

An acronym for value-added tax, used in the same contexts as 'value-added tax' and often in formal or business communications.

The invoice includes VAT at the standard rate
Small businesses must register for VAT if their turnover exceeds a certain threshold

value-added tax

A type of tax that is applied incrementally at each stage of production or distribution of goods and services. Common in many European countries.

The value-added tax on this product is 20%
Companies can often reclaim the value-added tax that they have paid on business expenses

sales tax

A tax on sales or on the receipts from sales, typically added to the price of goods and services at the point of sale. Common in many countries.

The price of the shirt was $20, but with sales tax, it came to $21
50
Different states have different sales tax rates

Examples of usage

The price of the product includes VAT.
VAT is added at the checkout.

^{Context #2 | Noun}

abbreviation

Value Added Tax.

Examples of usage

The receipt shows the total amount including VAT.
VAT is calculated at 20%.

^{Context #3 | Noun}

Europe

A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale.

Examples of usage

In many European countries, VAT rates vary for different products.
Businesses need to register for VAT to collect and pay it to the government.

Interesting Facts

Etymology

The word 'vat' comes from Old Norse 'vǫttr', which meant a container or vessel.
Related to the German word 'Fass', meaning barrel, showing similar uses across languages.
The term has been used in English since the 14th century, often referring to a large barrel.

Industry

In brewing, vats are essential for fermentation, where yeast transforms sugars into alcohol.
They are also widely used in the textile industry to dye fabrics, allowing large quantities to be dyed evenly.
Vats designed for chemical processes are built to withstand corrosive substances and high temperatures.

Science

In biology, large vats can be used for culturing microorganisms for research and development.
Vats are crucial in waste management, where effluents from factories are collected and treated.
Aquaculture sometimes uses large vats to raise fish in controlled environments, enhancing growth and health.

Cultural References

Vats have appeared in literature, such as in stories describing ancient brewing techniques.
Movies often depict vats in scenes of transformation, like in fantasy where magical potions are brewed.
In contemporary art, some artists use large vats as part of interactive installations, engaging viewers with the material.

Food and Beverage

Large vats are used in food production for items like yogurt and sauces, ensuring quality and consistency.
In cheese-making, vats allow curds to form before they are processed into different cheese varieties.
During festivals, some cultures use massive vats to prepare traditional dishes for large gatherings.

Translations

Translations of the word "vat" in other languages:

🇵🇹 IVA

🇮🇳 वैट

🇩🇪 Mehrwertsteuer

🇮🇩 PPN

🇺🇦 ПДВ

🇵🇱 VAT

🇯🇵 消費税

🇫🇷 TVA

🇪🇸 IVA

🇹🇷 KDV

🇰🇷 부가가치세

🇸🇦 ضريبة القيمة المضافة

🇨🇿 DPH

🇸🇰 DPH

🇨🇳 增值税

🇸🇮 DDV

🇮🇸 VSK

🇰🇿 ҚҚС

🇬🇪 დღგ

🇦🇿 ƏDV

🇲🇽 IVA