Recent Examples of vat from the Web
The establishment is called the Distillery, and anyone can visit it to see all the copper pots and vats, the distillers banging around in their aproned glory.
The cru classé gets its silky texture and savory tang from maturing on the lees, as well as aging in large-format wooden vats under fleurette, a thin veil of ambient yeast.
Everyone thought they were engaged in June 2017 Once people noticed the matching diamond rings the two were rocking, rumors started to froth and bubble like a steaming vat of Polyjuice Potion.
Behind them, floating above trucks and fruit stalls and huge vats of frying falafel, the golden cupola of the Dome of the Rock peeks over the fortress-like parapet of the Damascus Gate.
Gaja was among the first to use that method in Piedmont, where huge chestnut vats called botti had been used for centuries.
The water in the vats is cleaned by a machine imported from Canada.
Update 2: The infield is a giant vat of chocolate milk.
Halloween was coming, and the couple had decorated, submerging a plastic replica of the Pearl of Lao Tzu in water: the brain in a vat.
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
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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