zero-rated supply

zero-rated supply
A taxable supply on which value added tax (VAT) is charged at 0%. A person making zero-rated supplies is able to recover all of the input tax which is attributable to the zero-rated supplies but is not required to account for output tax on those supplies (because of the zero rate).
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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