Vocabulary     

What does vat mean?

Definitions for vat
vætvat

This dictionary definitions page includes all the possible meanings, example usage and translations of the word vat.

Princeton's WordNet

  1. VAT, value-added tax, ad valorem taxnoun

    a tax levied on the difference between a commodity's price before taxes and its cost of production

  2. tub, vatnoun

    a large open vessel for holding or storing liquids

Wiktionary

  1. vatnoun

    A large tub, such as is used for making wine or for tanning.

  2. vatverb

    To blend (wines or spirits) in a vat.

  3. VATnoun

    Value-added tax.

  4. VATnoun

    Vigilance awareness training.

Wikipedia

  1. VAT

    A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues both worldwide and among the members of the Organisation for Economic Co-operation and Development (OECD).: 14  As of 2018, 174 of the 193 countries with full UN membership employ a VAT, including all OECD members except the United States,: 14  where many states use a sales tax system instead. There are two main methods of calculating VAT: the credit-invoice or invoice-based method and the subtraction or accounts-based method. In the credit-invoice method, sales transactions are taxed, the customer is informed of the VAT on the transaction, and businesses may receive a credit for the VAT paid on input materials and services. The credit-invoice method is by far the more common and is used by all national VATs except for Japan. In the subtraction method, a business at the end of a reporting period calculates the value of all taxable sales, subtracts the sum of all taxable purchases, and applies the VAT rate to the difference. The subtraction method VAT is currently used only by Japan although it, often by using the name "flat tax," has been part of many recent tax reform proposals by US politicians. With both methods, there are exceptions in the calculation method for certain goods and transactions that are created to help collection or to counter tax fraud and evasion.

ChatGPT

  1. vat

    A vat is a large container or tank used for storing or holding liquids, typically used in the process of winemaking, brewing, or other productions in industries. It can also refer to a vessel where certain industrial processes like dyeing and chemical reactions take place.

Webster Dictionary

  1. Vatnoun

    a large vessel, cistern, or tub, especially one used for holding in an immature state, chemical preparations for dyeing, or for tanning, or for tanning leather, or the like

  2. Vatnoun

    a measure for liquids, and also a dry measure; especially, a liquid measure in Belgium and Holland, corresponding to the hectoliter of the metric system, which contains 22.01 imperial gallons, or 26.4 standard gallons in the United States

  3. Vatnoun

    a wooden tub for washing ores and mineral substances in

  4. Vatnoun

    a square, hollow place on the back of a calcining furnace, where tin ore is laid to dry

  5. Vatnoun

    a vessel for holding holy water

  6. Vatverb

    to put or transfer into a vat

  7. Etymology: [A dialectic form for fat, OE. fat, AS. ft; akin to D. vat, OS. fat, G. fass, OHG. faz, Icel. & Sw. fat, Dan. fad, Lith. pdas a pot, and probably to G. fassen to seize, to contain, OHG. fazzn, D. vatten. Cf. Fat a vat.]

Wikidata

  1. Vát

    Vát is a village in Vas county, Hungary.

Chambers 20th Century Dictionary

  1. Vat

    vat, n. a large vessel or tank, esp. one for holding liquors.—v.t. to put in a vat.—n. Vat′ful, the contents of a vat. [Older form fat—A.S. fæt; Dut. vat, Ice. fat, Ger. fass.]

The Standard Electrical Dictionary

  1. Vat

    A vessel for chemical or other solutions. A depositing vat is one in which a plating solution is worked, for the deposition of electroplate upon articles immersed in the liquid, and electrolyzed by an electric current.

Editors Contribution

  1. vat

    A type of vessel created and designed in various colors, materials, mechanisms, shapes, sizes and styles.

    Vats are used in restaurants, wineries and various other places.


    Submitted by MaryC on December 16, 2016  

Suggested Resources

  1. VAT

    What does VAT stand for? -- Explore the various meanings for the VAT acronym on the Abbreviations.com website.

Matched Categories

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'vat' in Spoken Corpus Frequency: #3937

  2. Nouns Frequency

    Rank popularity for the word 'vat' in Nouns Frequency: #1585

Usage in printed sourcesFrom: 

Anagrams for vat »

  1. tav

  2. ATV

  3. ATV

  4. tav

  5. TVA

  6. vta

  7. TVA

  8. vta

How to pronounce vat?

How to say vat in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of vat in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of vat in Pythagorean Numerology is: 7

Examples of vat in a Sentence

  1. Carlos Urzua:

    We're going to have VAT of probably eight percent in this free zone, and only there.

  2. Emmanuel Macron:

    They don’t contribute to dealing with the negative externalities they create. And they ask the sectors they disrupt to pay, because these guys, the old sectors pay VAT, corporate taxes and so on, that’s not sustainable.

  3. Christine Lagarde:

    With revenues down, fiscal deficits are only slowly declining, despite significant reforms on both the spending and revenue sides, including the introduction of VAT and excise taxes, this has led to a sharp increase in public debt, from 13 percent of GDP in 2013 to 33 percent in 2018.

  4. Stefan Worrall:

    I think it's hard to argue that the weakness we've seen in Japan this year has had to do with fears of a VAT hike and I think investors are much more focused on world events, right now, Japan is at the mercy of how China risks evolve, how expectations regarding Fed rate hikes evolve, and how the Brexit vote evolves.

  5. Karl Tachelet:

    While it is clearly an important result, it is only one feature in a universe of other measures that China foresees for its steel sector, these include direct subsidies, soft loans from state banks, VAT (value-added tax) rebates on some product categories, energy and input subsidies, and occasionally direct grants, among others.

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Popularity rank by frequency of use

vat#1#3620#10000

References

Translations for vat

From our Multilingual Translation Dictionary

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"vat." Definitions.net. STANDS4 LLC, 2024. Web. 21 Nov. 2024. <https://www.definitions.net/definition/vat>.

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