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Definition of

zero-rated supplies


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 supplies"

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

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