vat meaning and definitionDefinition and meaning of vat at MeaningMonkey.org. vat meaning and definition in the English Dictionary.
Definition of VAT (noun)
- a tax levied on the difference between a commodity's price before taxes and its cost of production
- synonyms: ad valorem tax, value-added tax
- a large open vessel for holding or storing liquids
- synonyms: tub
Source: Princeton University Wordnet