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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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V
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VAT
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INFOTEXT
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1992-09-03
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365b
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11 lines
VAT (value-added tax) is the tax on goods and
services. VAT is imposed by the European
Community on member states. The tax varies
from state to state. An agreed proportion of
the tax money is used to fund the EC. VAT is
applied at each stage of the production of a
commodity, and it is charged only on the
value added at that stage.
Subject by: Vince Pike