Indirect Tax Net VS List price

Hi, can anyone confirm the difference between Net and List price? I thought List price was before any discounts or VAT and that Net price was after discounts (such as trade/bulk) and before VAT. I've just done a Green Light test in which they ask you to calculate the VAT on a Net price after giving you discount, but I thought the Net had already considered the discount. Any help would be much appreciated.
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