zero-rate [zeer-oh-reyt] verb (used with object), ze·ro-rat·ed, ze·ro-rat·ing. Chiefly British.

  1. to exempt (merchandise or services) from value-added tax.

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

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