Recent Examples of vat from the Web
Want to avoid that burnt taste that can come from a big vat of drip coffee?
Five tanks - a 650-liter and pairs of 600- and 900-liter vats - fit snugly in the small structure where the wine is processed.
Once a switch is flipped, air from the two sets of vats can be mixed together, and the mixing of hot and cold air creates powerful gusts that spin a turbine, reproducing electricity.
Over the years, Stubbs survived a BB gun shooting, a dog attack, an unplanned trip on a garbage truck, and a fall into a fryer vat not in use at the time.
Following a change in the ruling, meeting a player's release clause no longer means that the buying club has to pay full VAT.
There, nestled in the salad bar, among the vats of ranch dressing and bacon bits, was a platter of tomatoes and cucumbers, studded with thick cubes of feta.
Demijohns, or large glass vats, commonly held spirits in transit and for storage.
The vibrant greenery — sticks and stems included — will be macerated and put into steel vats, their essence drained with something like supercritical carbon dioxide.
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
Definition 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
VAT Defined for Kids
Seen and Heard
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