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zero-rated |
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zero-rated denoting goods on which the buyer pays no value-added tax although the seller can claim back any tax he has paid How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| More than a third of the 9,852 responding companies said the lifting of the zero-rate floor was "too early," though about the same number deemed it "appropriate. Alternatively, for commercial reasons businesses may be forced to zero-rate intra-EU supplies even though the strict conditions for zero-rating cannot be satisfied and even though such an approach may expose the supplier to penalties and interest. In a zero-rate environment, this would be truly "efficient. |
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