Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.
Search for a Term:

What is Value-Added Tax?

Definition of Value-Added Tax

Value- Added Tax ('VAT') in the UK and General Sales Tax in the US is a levy paid by a consumer on a product that reflects the extra value that has been added to it in any stage of production or distribution prior to the consumer purchase (all the stages between the raw materials to the finished product). In practice, the consumer is the only buyer that has to pay 'VAT' as companies involved in a product's manufacture receive reimbursements for previous VAT taxes paid, which essentially negates the effect of 'VAT'.
Do you have a question that has not yet been answered? Let us know.
Tel: +44 (0) 203 8794 460 or Email: support@advfn.com

FTSE 100 Index

FTSE 100 Index intraday chart

Gulf Keystone

Gulf Keystone Chart
 GKP Chart  GKP Chat
 GKP Share Price  GKP Level 2
 GKP Info  Free ADVFN account

Top Investment Questions