purchase tax

purchase tax
noun
: a tax imposed in Great Britain upon various commodities at rates graduated according to the degree of luxury or necessity of the particular commodity

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Brit.
a sales tax on nonessential and luxury goods.
[1935-40]

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purchase tax noun
Formerly, a British form of sales tax levied on specified goods and at differential rates
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Main Entry:purchase

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purchase tax,
British. a tax on retail sales of consumer goods, except food, fuel, and books, differing from the American sales tax in that the rate for each class of goods is based inversely on its estimated necessity in daily life: »

It is suggested that the Government should sweep away all direct taxes, including turnover and purchase tax (Sunday Times).

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ˈpurchase tax 7 [purchase tax purchase taxes] noun uncountable, countable
a tax that is added to the price of goods sold to customers

Useful english dictionary. 2012.

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  • purchase tax — Brit. a sales tax on nonessential and luxury goods. [1935 40] * * * …   Universalium

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  • tax — ▪ I. tax tax 1 [tæks] noun [countable, uncountable] TAX an amount of money that you must pay to the government according to your income, property, goods etc, that is used to pay for public services: • The President said he would cut taxes for… …   Financial and business terms

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  • Tax holiday — A tax holiday is a temporary reduction or elimination of a tax. Governments usually create tax holidays as incentives for business investment. The taxes that are most commonly reduced by national and local governments are sales taxes. In… …   Wikipedia

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