VAT means Value Added Tax and is a sales tax charged in the EU and is normally included in the end-consumer retail price. Companies registered for VAT don't pay it on items and services purchased, but charge it on sold products and services and hand it up to the authorities. The VAT system has been critisised for it's openness for fraud.
a vet for the rats!! :D
all included
what does exvat to pay mean
what does exvat to pay mean
If you mean VAT as in Value Added Tax then the government would find another way of taxing you.
For most people, the initials VAT are probably understood to mean "Value Added Tax" However in another context, they can mean "vitro-acousitc test."
Yes
what does exvat to pay mean
all included
Net means after deductions, VAT is a form of tax, 17.5% in the UK. Net VAT should therefore mean before the VAT is added, as NET is the smaller amount, Gross is the larger.
If you mean VAT as in Value Added Tax then the government would find another way of taxing you.
what does exvat to pay mean
what does exvat to pay mean
It should
For most people, the initials VAT are probably understood to mean "Value Added Tax" However in another context, they can mean "vitro-acousitc test."
it means that there is no VAT on that item
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
The abbreviation VAT stands for Value Added Tax. Value Added Tax is a form of consumption tax and the purpose of VAT is to incentivise the production of critical resources required to sustain an economy.