/viːeɪˈtiː, væt/

Collins Concise English Dictionary © HarperCollins Publishers::

VAT /(sometimes) væt/ abbreviation for (in Britain)
  1. value-added tax: a tax levied on the difference between the cost of materials and the selling price of a commodity or service

vat /væt/ n
  1. a large container for holding or storing liquids
  2. a preparation of reduced vat dye
vb (vats, vatting, vatted)
  1. (transitive) to place, store, or treat in a vat
Etymology: Old English fæt; related to Old Frisian fet, Old Saxon, Old Norse fat, Old High German faz

'VAT' also found in these entries:
In the English description:

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