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zero-rated
(redirected from Zero-Rated Good)

   Also found in: Financial, Encyclopedia 0.01 sec.
ze·ro-rate (zîr-rt, zr-)
tr.v. ze·ro-rat·ed, ze·ro-rat·ing, ze·ro-rates Chiefly British
To exempt from paying a value-added tax.

zero-rated
adj (zero rated when postpositive)
(Business / Commerce) denoting goods on which the buyer pays no value-added tax although the seller can claim back any tax he has paid
Translations
zero-rated [ˈzɪərəʊˌreɪtɪd] ADJ to be zero-rated for VATtener tipo cero del IVA
zero-rated [ˌzɪərəʊˈreɪtɪd] adj (Brit) (Comm) → ad aliquota zero


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The only sensible conclusion to draw is that Mr Cameron, if he wins, would put up VAT and possibly extend it to zero-rated goods such as food, kids' clothes and bus fares.
The crooked clan registered 15 bogus companies between 1998 and 2004 across Merseyside, Cheshire, Derbyshire, Leicestershire and Scotland, creating fictitious sales transactions and invoices for the zero-rated goods in the conspiracy to evade paying VAT whilst pocketing reclaimed tax for fake business costs.
An Irish Customs source said: "We know the country is being used as a source of zero-rated goods.
 
 
 
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