| 释义 |
output tax Output TaxIn the United Kingdom, the value added tax that a business charges customers on the products it sells. This contrasts with the input tax, which is the VAT that the business pays on its inventory and other goods. If the output tax exceeds the input tax, the business must pay the difference to the government. On the other hand, if the input tax exceeds the output, the government refunds the difference to the business.output tax see VALUE-ADDED TAX. |