Thread: Forum acronyms and vocabulary
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Old 27 October 2016, 11:34 PM   #160
m j b
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Real Name: Michael
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Quote:
Originally Posted by BigAl72 View Post
Vat?
Wow, surprised that no one answered this one.

VAT = Value Added Tax. Popular in the U.K. and many European countries. A fancy name for sales tax.

Non-residents can usually get a refund of the VAT when they leave the country (unless they are part of the EU).
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