what does inc vat mean
Value added tax is a general, broadly-based consumption duty that is calculated as a percentage of price. It is assessed on both goods and services used or consumed within the European Union. Goods sold for immediate export from the EU and/or services purchased by foreign customers are normally not subject to VAT. VAT number, properly called a VAT Registration Number, is an alphanumeric identifier -- consisting of up to 15 characters -- unique to any corporate entity doing business in a European Union country that implements the Value Added Tax system.