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zero-rated
(redirected from Zero-Rated Service)

   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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Before moving to the West Midlands, Mr Marsh was chief executive of Essex Ambulance Service which he turned around from a zero-rated service to a top performing trust in just three years.
NR believes that Servco can claim the ITC for the Division III GST paid by Servco on importation of the NR's goods because Servco is providing a zero-rated service of a "sales representative" to a non-resident in relation to those goods.
 
 
 
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