Zero-Rated

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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.
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According to the Food Standards Agency, zero ratings are given to businesses where there may be a lack of sufficient cleaning and disinfection or may not be a good enough system of management in place to carry out checks.
Initially, five export sectors were declared zero rated but subsequently the facility of zero rating has been gradually withdrawn.
La Vita restaurant on Wellfield Road, Roath, claimed the Italian diner's zero rating was a mistake and it was talking to the Food Standards Agency about it.
Other restaurants which also received a zero rating included Malmaison ate Mailbox and Chaophraya in the Bullring.
In Huddersfield, six businesses were listed on the agency's Scores on the Doors website with a zero rating.
Meriden MP Caroline Spelman, shadow international development minister, said: "I'm surprised government inspectors aren't being brought in, given the zero rating by the CHI and given the fact that local MPs expressed concern.
Zero rating applies to transport in a vehicle designed or adapted to carry not less than 10 passengers.
ANTHEA Turner's live cookery show Taste Today has scored a zero rating with viewers.
These leaders said that the FBR chairman in the last meeting had agreed that the refund system would promote corruption and status of zero rating from sales tax of the five export-oriented industries would be restored.
Therefore, zero rating of the entire value chain from ginning to garmenting for the export and local supply is imperative to remain competitive in the international market, he added.
It is probable that zero rating would only apply to that part used solely for non-business use i.
This amendment in zero rating was estimated to generate revenue in the range of Rs24 to Rs25 billion for the government exchequer.