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Home > QFINANCE Dictionary > Definition of zero-rated goods and services

Definition of

zero-rated goods and services

Tax

goods or services not liable for VAT in the United Kingdom, taxable items or services on which VAT (Value Added Tax) is charged at zero rate, for example, food, books, public transport, and children's clothes.

Related definitions of "zero-rated goods and services"

Definitions of ’zero-rated goods and services’ and meaning of ’zero-rated goods and services’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’zero-rated goods and services’ and other financial terms with our online QFINANCE Financial Dictionary.

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