A vat is a large container or tank used for holding or storing liquids, such as water, oil, or chemicals. It is usually made of metal or plastic. Full definition
He also rejected Conservative calls for VAT on passenger airline tickets, claiming this would only save 50,000 tonnes of carbon by 2020. (politics.co.uk)
Low - income families will again be hit hard by the planned rise in VAT. (channel4.com)