"net of vat" is a correct phrase in written English and is commonly used in business and financial contexts
It means the total amount after subtracting the value added tax (VAT) from the gross amount. Example: The company reported a profit of $100,000 net of VAT.
85 In a pooled analysis of the two randomized controlled trials, there was a net reduction of VAT of 15.4% over 26 weeks relative to placebo.
Average net-of-tax revenue per pack of cigarettes for each price segment was then calculated by subtracting the tax [excise plus value added tax (VAT)] paid from the weighted average price.
That means a typical small business with 50 employees, revenues of £5m and an annual net VAT bill of £350,000, doesn't have to find £90,000 to pay the taxman when the bank has just taken away its overdraft.
However, the combined effect of an increase in bingo gross profits tax from 15% to 22% and bringing poker out of VAT and into casino duty will cost the company £9m on an annualised basis, after netting off the VAT benefit".
Firstly, its tills and systems are clearly able to identify non-VAT transactions and subsequently retain the equivalent of VAT.
Under lobby pressure, George Osborne favours rural new-build (free of VAT) against urban renovation and renewal (with VAT).
Improve the collection of VAT, fighting evasion using technology.
VAT becomes a reporting burden for producers with exemptions and a financial burden if refunds of VAT credits are not timely.
The question of the distributional impact of VAT design has received much attention in the literature.
Proof-of-concept is demonstrated by manufacture of VAT (equivalent) laminates.
Only first episodes of VAT and VAP were taken into account.
