Definition of zero-rated in English:

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zero-rated

Pronunciation: /ˌzirəʊˈreɪtɪd/

Entry from British & World English dictionary

adjective

Finance , British
Denoting goods or services that are taxable for VAT, but with a tax rate of zero.
Example sentences
  • It has no VAT repayment claim as the goods were zero-rated on import.
  • Taxable supplies mean the value of all taxable supplies including zero-rated supplies.
  • Supplies made by these organisations will be zero-rated.

Derivatives

zero rating

Pronunciation: /ˌzɪərəʊ ˈreɪtɪŋ/
noun
Example sentences
  • The farmers want the Government to revert to the zero rating of VAT on the inputs, a system that was introduced two years ago but abandoned in 2005.
  • With zero rating, VAT is included with the price of the animal.
  • The Customs union would entail all member states applying same customs rate of duty on all goods coming from outside Comesa while zero rating all goods from within the regional grouping.

For editors and proofreaders

Line breaks: zero-rated

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