VAT
VAT Type: noun, acronym Pronunciation: /vaht/ or /v-a-t/ or /vee-ay-tee/ Also spelled or known as: Value Added Tax Related: Music Business, VAT Charges What does VAT mean? Value Added Tax; A consumption tax added to goods or services in many countries. In music, VAT may apply to tickets, merchandise, downloads, subscriptions, licenses, and physical products. […]