2009年12月28日 星期一

value-added tax(Abbr. VAT)


The total number of shoppers had risen by nearly 20% compared to Boxing Day in 2008, said Experian.

The rise is thought to be due to bargain hunting ahead before the VAT rate returns to 17.5% on 1 January and the fact Boxing Day fell on a weekend.




value-added tax

n.
(Abbr. VAT)
A tax on the estimated market value added to a product or material at each stage of its manufacture or distribution, ultimately passed on to the consumer.

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