output tax

Definition

› TAX a tax that is added to the price of goods or services, for example VAT: You deduct your input tax from your output tax and pay the difference to Customs & Excise on your VAT return.

(Definition of output tax noun from the Cambridge Business English Dictionary © Cambridge University Press)

+ Free Dictionary Toolbar for Browsers
+ Add Dictionary Search to iGoogle and your website

+ Become a fan on Facebook
+ Follow us on Twitter!

Browse the Thesaurus

Business
Clothes
Education
Finance
Light and colour
Personal care

Our dictionaries

British English
American English
Business English
Learner's Dictionary
Essential British English
Essential American English
English-Spanish
Español-inglés
English-Turkish

Browse the Dictionary

outperformance noun
outperformer noun
outplacement noun
outpost noun
output noun
output tax noun
output verb
outreach noun
outsell verb
outside director noun
outside shareholder noun

Word of the Day

rain on sb's parade

to do something that spoils someone's plans

Word of the Day ►

Blog

Read our blog about how the English language behaves.

Learn More ►

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.