Cryptic crossword clue
VAT tax anger perhaps exceeding reasonable bounds

The most common and most likely answer to this crossword clue is the 11 letter word EXTRAVAGANT

I've seen this crossword clue in The Guardian
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The straight part
We know that "exceeding reasonable bounds" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case exceeding reasonable bounds = extravagant.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does EXTRAVAGANT mean?

EXTRAVAGANT adjective
  1. Exceeding the bounds of something; roving; hence, foreign.
  2. Extreme; wild; excessive; unrestrained.
  3. Exorbitant.
  4. Profuse in expenditure; prodigal; wasteful.

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