Noun: vat vatVerb: vat (vatted,vatting) vat
- Place, blend or treat in a vat
"They vatted the grapes for fermentation"
- A tax based on the value of the goods collected by the end retailer
"The purchase price included a 20% VAT";
- value-added tax, goods and service tax, GST
Derived forms: vats, vatted, vatting
Type of: ad valorem tax, excise, excise tax, vessel
Encyclopedia: Vat
VAT