Ƶ

Define: VAT

The meaning of “VAT” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

Are you creating, reviewing or negotiating a document?

Looking for further advice on how to define “VAT" in your document? 

🚀 Try It can suggest a definition just for your specific needs (Simply , then ask it to draft a definition suitable for your document, that's it!)

What is the most popular definition of 'VAT'?

value added tax chargeable under the VATA or under any legislation replacing it or under any legislation which the VATA replaced and further means value added tax at the rate in force when the relevant supply is made and any tax of a similar nature which is introduced in substitution for such value added tax;