- (in Britain) the full name for VAT
WordReference Random House Learner's Dictionary of American English © 2026
val•ue-add•ed tax /ˈvælyuˈædɪd ˌtæks/USA pronunciation n. [countable]
WordReference Random House Unabridged Dictionary of American English © 2026- Businessa tax based on the value added to a product at each stage of production.
val′ue-add′ed tax′,
- Businessan excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the goods bought at its inception. Abbr.: VAT Also called added-value tax.
- 1930–35
Collins Concise English Dictionary © HarperCollins Publishers::
value-added tax n
'value-added tax' also found in these entries (note: many are not synonyms or translations):