VAT

/væt/
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Definition
  1. Noun:
    • A large container for liquids: A vat is a large tank or tub, often made of wood, metal, or concrete, used for holding, storing, or processing liquids in industrial or agricultural settings.
    • A type of tax: VAT (Value-Added Tax) is a consumption tax levied on the value added to goods and services at each stage of production or distribution.
Usage and Examples

  • Noun (Container):

    • The brewery cleaned the large vat used for fermenting beer.
    • They soaked the fabric in a vat of dye to achieve the deep blue color.

  • Noun (Tax):

    • The price includes a 20% VAT.
    • Businesses must register for VAT if their turnover exceeds a certain threshold.
Advanced Usage

  • "In the vat": Inside the large container.

    • The grapes are left to ferment in the vat for several weeks.

  • "VAT registered": Officially enrolled with tax authorities to collect and pay Value-Added Tax.

    • As a VAT-registered company, we must file returns quarterly.
Variants and Related Words

  • Vatful (n): The amount a vat can hold.

    • They produced a vatful of wine this season.

  • Vat dye (n): A type of dye that requires a vat for its application process.

    • Indigo is a classic example of a vat dye.
Synonyms
  • Tank: A large container for liquid or gas.
  • Tub: A wide, open container.
  • Excise: A tax on certain goods; differs from VAT as it is typically levied on specific products rather than value addition.
Phrasal Verbs

(This word does not commonly form phrasal verbs.)

Related Idioms
  • "In the same vat": Being in the same situation or category.
    • You can't lump all artists in the same vat; their styles are vastly different.(Note: This idiom is less common and used figuratively.)
Noun
  1. a large open vessel for holding or storing liquids
  2. a tax levied on the difference between a commodity's price before taxes and its cost of production

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