How To Spell VATS?
How to Pronounce VATS?
Correct pronunciation for the word "VATS" is [vˈats], [vˈats], [v_ˈa_t_s].
What are the misspellings for VATS?
"VATS" in context
VATS stands for value-added tax, and is a type of taxation system primarily found in the European Union and other countries around that region of the world. Essentially, VATs are imposed on goods and services that are purchased and are usually paid by the consumer, with the revenue from the VATs being used to pay for public services and infrastructure. VATs act as an indirect tax whereby all businesses in the VAT circle are responsible for paying the taxes and must then pass the cost of those taxes onto their customers.
Usage over time for VATS:
This graph shows how "VATS" have occurred between 1800 and 2008 in a corpus of English books.
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