Tax and bank accounts - Page 3

#21 (**permalink**) 21-05-2005, 03:42 AM

[quote:3931ab3ef0="kiwi_fairy"]

I found that in another thread---what do GST and VAT stand for? I didn't find them in the abbreviations thread. 12% is really high for sales tax. :icon_eek: icon_exclaim.gif In my state we pay 7%.

I pretty much found the other stuff I was looking for ... thanks![/quote:3931ab3ef0]

GST General standard tax
VAT Value Added Tax - a whopping 17.5% in the UK

both are sales taxes

#22 (**permalink**) 21-05-2005, 06:26 AM

thank you!! that was most helpful. :icon_mrgreen: :icon_idea:

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