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  5. Purchase Tax

Purchase Tax

Definition of 'Purchase Tax'

A tax in the UK on consumer goods, which was replaced by VAT in 1973.

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Related Terms

Tax ClaimAccelerated DepreciationAdvance Corporation TaxDouble Tax AgreementsTax AvoidanceTax ShieldAd Valorem TaxCapital Gains TaxFiscal DragImputation SystemsIncidence of TaxModigliani & Millers (MM) Capital Structure TheoriesTax BreaksUnrelated Business Taxable IncomeEarn-OutHire-PurchaseHPACTAverage Tax RateCGT

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