zero-rated

Definitions

Accounting

  • adjective referring to an item which has a VAT rate of 0 per cent

Economics

  • adjective which has a VAT rate of 0 per cent. In the UK, books and newspapers are zero-rated.

Politics

  • adjective having a Value Added Tax rate of 0 per cent
http://www.dictionarycentral.com/definition/zero-rated.html