Zero-Rated


Also found in: Dictionary, Encyclopedia, Wikipedia.

Zero-Rated

Goods and services that are not subject to a VAT. Examples of potentially zero-rated goods and services include financial services and items donated to a charity that the charity later sells.
Mentioned in ?
References in periodicals archive ?
Un-carrier momentum continues with the addition of the Binge On mobile video streaming service supported by zero-rated data over LTE and video optimization technology, strengthening T-Mobile's value proposition while challenging AT&T and Verizon Wireless to follow suit.
As depicted in Exhibit 5, having a zero-rated grocer would reduce the total VAT liability and revenue to zero because all the value added throughout the production process would be credited back to the grocer.
The McCoy's case involved 100,000 [pounds sterling] worth of tax whilst the Pringles case was zero-rated.
Birmingham's University Hospital Trust achieving a three-star rating in 2004 after being zero-rated in 2001 is an encouraging sign that the NHS is on the up.
CBeebies, the channel for pre-school children, had the least number of zero-rated programmes, ahead of the corporation's other two digital channels, BBC3 and BBC4.
A charity may elect not to use this special net tax calculation method if it makes supplies outside Canada, or zero-rated supplies in the ordinary course of its business, or if 90% or more of the supplies are taxable.
A number of NHS organisations will also feature on the new Franchising Register of Expertise which lists those bodies considered appropriate to take over control of zero-rated hospitals.
In addition, any of the billing components may be zero-rated, waived or discounted according to rules defined by the net market maker.
Maria Pienaar, chief information officer of Cell C, which recently zero-rated the messaging service WhatsApp, said the move substantially boosted customer acquisition.
Facebook is mobile operators' top choice for zero-rated apps 45% of operators offer at least one zero-rated app and 65% of those zero-rate Facebook
He said that almost seven year ago in 2005, the FBR declared textile, leather, surgical goods, sports goods and carpets as zero-rated sector to encourage exports and ensure relief to exporters from cumbersome refund process but the SRO 154(I) 2013 has pushed them again into the refund regime.
KARACHI -- The Federal Board of Revenue (FBR) has asked all the five zero-rated export sectors to pay 2 per cent sales tax on their supplies made during the last 20 months, starting from April 1, 2011.