vat

¹

[vat]

noun

1. a large container, as a tub or tank, used for storing or holding liquids.

   a wine vat.

2. Chemistry.

   1. a preparation containing an insoluble dye converted by reduction into a soluble leuco base.

   2. a vessel containing such a preparation.

verb (used with object)

vatted, vatting 

1. to put into or treat in a vat.

VAT

²

noun

1. value-added tax.

Vat.

³

abbreviation

1. Vatican.

vat

¹

/ væt /

noun

1. a large container for holding or storing liquids

2. chem a preparation of reduced vat dye

verb

1. (tr) to place, store, or treat in a vat

Vat.

²

abbreviation

1. Vatican

VAT

³

/ væt /

abbreviation

1. value-added tax: a tax levied on the difference between the cost of materials and the selling price of a commodity or service

Other Word Forms

• unvatted adjective

Word History and Origins

Origin of vat¹

before 1100; Middle English (south); Old English fæt vessel; cognate with Old Norse fat vessel, German Fass keg

Word History and Origins

Origin of vat¹

Old English fæt; related to Old Frisian fet, Old Saxon, Old Norse fat, Old High German faz

Example Sentences

Asked if this approach could make the markets jittery and potentially drive investors away, Mr Nowak said: "Britain is an attractive place for international investors" and he suggested there hadn't been "an exodus of millionaires" after tax changes for non-doms and ending the VAT exemption for school fees.

From BBC

Ferrari-driving Arif Patel, from Preston, worked with other criminals to make false VAT rebate claims on fake exports of textiles and mobile phones.

From BBC

But he and his accomplices ran a "carousel fraud" scam that involved creating fake business transactions on goods moved between various companies, with the false import and export records used to claim back large sums of VAT.

From BBC

The group said higher taxes announced by Chancellor Rachel Reeves in the Autumn Budget had disproportionately slowed down investment and hiring, adding that "urgent action" was needed to cut business rates and VAT.

From BBC

He said removing VAT on books was not a complete solution, but it would make books "more accessible".

From BBC