What does the cryptic crossword clue "Snoops about tax for men serving in company (8)" mean?

The wordplay uses a container (one word inside another). VAT (synonym="tax") in PRIES (synonym="snoops") = PRIVATES The answer is PRIVATES.

Snoops about tax for men serving in company (8)

Guardian Cryptic #26837 | 7 Down | 2016-03-21 flower