A measure for liquids, and also a dry measure; especially, a liquid measure in Belgium and Holland, corresponding to the hectoliter of the metric system, which contains 22
Value Added Tax - A painful tax added to most things in life (in UK) at 17 5% Most plumbers and electricians charge this, but I do not at present, as my turnover (sales) are below the threshold I do pass on the VAT element in any parts I supply as I still have to pay it VAT on 2nd hand cars in an interesting (& very complex) subject
Value Added Tax A tax (administered by HM Customs and Excise) applied to the sale of goods and services Business can reclaim VAT paid for 'inputs' (supplies, equipment etc ) Small businesses below annual turnover threshold limits and meeting other conditions do not need to register for VAT, although there may be advantages in doing so
is a tax levied on a firm as a percentage of its value added, to avoid the multiplying effect of taxes as the product passes through different stages of production The tax is based on the difference between the value of the output and the value of the inputs used to produce it The aim is to tax a firm only for the value added by it to the inputs it is using for manufacturing its output In principle, although the tax is levied on the value added at each stage of production, it is intended to tax only the final consumer For producers, the VAT they pay on the inputs they buy from other companies is recouped when they sell their own output
A large vessel, cistern, or tub, especially one used for holding in an immature state, chemical preparations for dyeing, or for tanning, or for tanning leather, or the like