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WHAT IS VAT?WHAT IS VAT?Posted Dec 5, 2002 16:20 UTC (Thu) by smoogen (subscriber, #97)In reply to: Coming soon: gnucash 1.8 by mcatkins Parent article: Coming soon: gnucash 1.8 Sorry for the lack of info in a post ,but what is VAT?
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WHAT IS VAT? Posted Dec 5, 2002 16:31 UTC (Thu) by a9db0 (subscriber, #2181) [Link] VAT is the acronym for Value Added Tax, which is levied widely across Europe.
WHAT IS VAT? Posted Dec 6, 2002 14:24 UTC (Fri) by nowster (subscriber, #67) [Link] Sales tax, which unlike in the US, is the "label price" of a product.Businesses can recover the VAT they pay for goods and services against the VAT they pay to the tax man on goods and services that they sell.
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