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zero-rate

[zeer-oh-reyt] /ˈzɪər oʊˌreɪt/
verb (used with object), zero-rated, zero-rating. Chiefly British
1.
to exempt (merchandise or services) from value-added tax.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for zero-rated

zero-rated

adjective (zero rated when postpositive)
1.
denoting goods on which the buyer pays no value-added tax although the seller can claim back any tax he has paid
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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