VAT

Từ điển Oxford Advanced Learner 8th

VAT [VAT] BrE [ˌviː eɪ ˈtiː] NAmE [ˌviː eɪ ˈtiː] BrE [væt] NAmE [væt] noun uncountable (BrE)
the abbreviation for ‘value added tax ’ (a tax that is added to the price of goods and services)
•Prices include VAT.
•£27.50 VAT

Culture:
The money from the tax is collected by the person selling the goods and must then be paid to the government. Certain types of goods are free from the tax, including food, books and children’s clothes. VAT has existed in Britain since 1971 and there are similar taxes in many European countries.

• Từ đồng nghĩa / Synonyms:
  tub, VAT, value-added tax, ad valorem tax