Ok, so feel free to shoot me here. I wiki'ed it, I hear everyone use the "plus VAT" phrase... I am having a hard time wrapping my head around what VAT really is, What it is for, who gets it, and so on.
Anyone care to elaborate. I just didn't get enough from the various articles I found on it. I usually consider myself a rather intelligent person, however this concept is eluding me.... I know it stands for "value added tax", but what is that precisely?
Anyone care to elaborate. I just didn't get enough from the various articles I found on it. I usually consider myself a rather intelligent person, however this concept is eluding me.... I know it stands for "value added tax", but what is that precisely?