VAT excl is an abbreviation for “Value Added Tax exclusive”. This is a type of tax that is applied to goods and services in some countries, including the UK. It is a form of indirect tax, which means that it is paid by the consumer, rather than the business selling the goods or services. The tax is calculated as a percentage of the value of the goods or services, and is then added to the final price of the item.
VAT excl is a term used to indicate that the price of an item does not include VAT. This means that the price given is the base price of the item, before any taxes are added. This is useful for businesses, as it allows them to accurately calculate the cost of their goods and services, and to accurately assess the amount of VAT they will need to charge. It is also useful for consumers, as it allows them to compare prices more easily, since all prices are shown without VAT.
VAT excl is an important concept to be aware of when shopping for goods and services. Knowing whether an item is VAT excl or not can help you to calculate the true cost of the item, and to make sure that you are getting the best deal. It is also important to remember that VAT is only applicable in certain countries, so if you are shopping in a country without VAT, the term VAT excl will not apply.