What does VAT mean in a listing?

 
Message 1 of 3
latest reply
1 ACCEPTED SOLUTION

Accepted Solutions

Value Added Tax.   The GST is a value added tax. Basicall...

Value Added Tax.

 

The GST is a value added tax. Basically each time a product or service changes hands, the revenooers consider that it has been raised in value and tax it again.

 

The term is usually seen on British listings. I am not sure if British VAT is charged when the item is being exported. Certainly GST is not and sellers who normally would collect it instead get a rebate from Revenue Canada. For better information consult your tax accountant.

View solution in original post

Message 2 of 3
latest reply
2 REPLIES 2

Value Added Tax.   The GST is a value added tax. Basicall...

Value Added Tax.

 

The GST is a value added tax. Basically each time a product or service changes hands, the revenooers consider that it has been raised in value and tax it again.

 

The term is usually seen on British listings. I am not sure if British VAT is charged when the item is being exported. Certainly GST is not and sellers who normally would collect it instead get a rebate from Revenue Canada. For better information consult your tax accountant.

Message 2 of 3
latest reply

Value Added Tax.   The GST is a value added tax. Basicall...

Thank-you:)
Message 3 of 3
latest reply