Value Added Tax. Essentially a 20% sales tax on pretty much everything.
VAT
Example Sentences
"You should hear how they use 'VAT' in Britain."
"It's quite common to say 'VAT' in the UK."
Etymology & History
Value Added Tax, British sales tax. Standard rate 20% (2023). Included in displayed prices (unlike American sales tax added at checkout). EU requirement (though UK left EU, retained VAT).
Word Details
๐
Region
General British
๐
Era
Modern
โ
Language
Mild
๐ฌ
Formality
Informal
Categories:
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Anglotopia's Dictionary of British English 2nd Edition
British Slang from A to Zed
By Jonathan Thomas
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