4 ms·

VAT is insidious because it is hidden in the overall cost of goods and services. It is important for transparency for people to see and understand what portion

• Symbiote 11y ago
  It is clearly written at the bottom of every receipt.
• the_mitsuhiko 11y ago
  > VAT is insidious because it is hidden in the overall cost of goods and services Erm, what? The VAT is clearly labelled on every product and not at all hidden. In fact, if you grab any receipt in Europe you will see the different VAT rates very clearly on the receipt. That's important anyways because in some cases you can claim it back (for instance company expenditures).
• stordoff 11y ago
  In the UK, most (all? Not sure) receipts will have the amount of VAT indicated (e.g. my Amazon orders list "Total before VAT", "VAT", and "Grand Total"). Pretty much everyone is aware of VAT AFAICT, and 20% of total gives you a reasonable estimate of what the VAT on an item is (bit of an over-estimate, and ignores items that have rates other than the default 20%, but generally good enough to get a reasonable idea).