vat Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “vat” in the English Dictionary

"vat" in British English

See all translations

vatnoun [C]

uk   us   /væt/
a ​largecontainer used for ​mixing or ​storingliquidsubstances, ​especially in a ​factory: a vat ofwine/​oil

VATnoun [U]

(also Vat) uk     us   /ˌviː.eɪˈtiː/ /væt/
valueaddedtax (= a ​type of ​tax in ​Europeancountries that is ​paid by the ​person who ​buysgoods and ​services)
More examples
(Definition of vat from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"vat" in American English

See all translations

vatnoun [C]

 us   /væt/
a ​largecontainer for ​mixing or ​storingliquids, esp. as used in ​industry: The ​grapes are ​crushed in ​deepwooden vats.
(Definition of vat from the Cambridge Academic Content Dictionary © Cambridge University Press)

"VAT" in Business English

See all translations

VATnoun [U]

uk   us   /ˌviːeɪˈtiː/ TAX
abbreviation for Value Added Tax: a ​tax that is ​paid at each ​stage in the ​production of ​goods or ​services, and by the ​finalcustomer. Businesses in the ​productionprocess take away the ​cost of inputs (= ​labour, ​materials, etc.) from the ​cost of outputs (= ​products and ​servicessold) to ​calculate the ​amount that they must ​pay: You can ​pay as little as £600 plus VAT for a powerful PC.including/excluding VAT The ​price is £19.99, ​including VAT. Those with a ​turnover of £51,000 or more have to ​register for VAT. Banking ​services are ​exempt from VAT.
(Definition of VAT from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of vat?
Add Cambridge dictionaries to your browser to your website
Word of the Day

forage

to go from place to place searching, especially for food

Word of the Day

Meerkat meme
Meerkat meme
by Colin McIntosh,
September 03, 2015
Meerkats are not new to popular culture (they appear in the folk tales of the San people of the Kalahari), but their arrival in the public’s consciousness, at least in the UK and the US, is a relatively recent phenomenon. Meerkats are small, sociable Southern African mammals that live in large family

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More