English version


From Longman Business Dictionary
Related topics: Tax
zero-ratedˌzero-ˈrated adjective TAX zero-rated goods and services are those on which you do not have to pay VAT (=a type of sales tax). In Britain, most food and books are zero-ratedzero-rating noun [uncountable]The decision was taken to abolish the zero rating of VAT on gas and electricity bills for individual homes.
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