VAT financial definition of VAT - TheFreeDictionary.com

VAT financial definition of VAT - TheFreeDictionary.com financial-dictionary.thefreedictionary.com/VAT Mike Sheppard, VAT partner at Grant Thornton in Birmingham, said: \"This is good news for any business that has paid VAT on the purchase of a property business they have not been able to fully reclaim, as there may now be an opportunity to apply for a VAT refund.