UK Accounting Glossary
Goods and services that are taxable for value added tax (VAT) purposes but are currently subject to a tax rate of zero.
Refers to goods and services that are taxable for value added tax purposes but are currently subject to a zero percent tax rate.
These differs from exempt in that the VAT attributable is allowable for input tax credit.
These differ from exempt status in that the VAT attributable is allowable for input tax credit.
Examples of Zero-rated supplies include:
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Definitions for Zero-Rated Goods And Services are sourced/syndicated and enhanced from:
This glossary post was last updated: 27th January 2019.