Recent Examples of vat from the Web
If Cruise had fallen off Oprah’s couch and into a vat of Shamrock Shake mix, this glorious creation is what would have emerged—grinning and twitching and chewing up the scenery like a frenzied Irish Wolfhound pup.
What for Silver vats filled with crawfish, lobster, shrimp, clams, corn, andouille sausage, and more, in a variety of sauces.
Scientists are creating a new slaughterhouse-free food group called clean meat: edible animal protein grown in a vat.
Truth be told, the vats of pigeon excrement, cow urine and quicklime are quite pungent, but that’s part of the experience.
Nothing—no additives, sweeteners, or carbonation—is added to the vats but time.
Enjoy the last days of snow television over a vat of gamjatang.
Lawmakers set aside their worries about deficits and the debt to pass massive tax cuts last year that will deliver a $1.5 trillion vat of red ink.
Prosecco, on the other hand, carbonates in stainless steel vats, a less time and money-intensive process.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'vat.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of vat
First Known Use: 12th centurySee Words from the same year
First Known Use of vat
Financial Definition of VAT
What It Is
A value added tax (VAT) is a consumption tax added to a product's sales price. It represents a tax on the "value added" to the product throughout its production process.
How It Works
The VAT system is invoice-based. Each seller in the product chain includes a VAT charge on the buyer's invoice. Under a VAT taxation system, all sellers collect the tax and then pay it to the government. The VAT gives sellers along the supply chain a direct economic motivation to collect the tax, thereby reducing the incidence of tax evasion.
Don't confuse the VAT with sales tax. Under a sales tax, the tax is collected only once at the consumer's point of purchase. The VAT tax, however, is collected every time a business purchases products from other businesses within the product's supply chain.
Why It Matters
The VAT is a highly efficient flat consumption tax that reduces the incidence of non-compliance. More than 100 countries have adopted it -- with rates ranging from 10% - 25%.
Investors who are looking for safer overseas investments should consider whether the prospective country uses a VAT, which indicates a more stable fiscal environment.
VAT Defined for English Language Learners
Definition of vat for English Language Learners
: a large container (such as a tub or barrel) used especially for holding liquids
VAT Defined for Kids
Seen and Heard
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