Understanding Value-Added Tax (VAT): An Essential Guide What Is a Value-Added Tax (VAT)? Value-added tax (VAT) is a consumption tax levied on goods and services at every stage of the supply chain where value is added, from production to the point of
VAT - Taxation and Customs Union - European Commission Value Added Tax (VAT) is a consumption tax on the value added to nearly all goods and services bought and sold in and into the European Union VAT is an important own resource for the EU budget