zero-ratedhttp://www.oed.com/dictionary/zero-rated_adj%3Ftab%3Dmeaning_and_usezero-rated, adj.
Revised 2018

zero-ratedadjective

  1. 1972–
    (Of a product or service) having a rate of value added tax or other sales tax set at zero.
    1. 1972
      A firm which supplies zero-rated goods or services gets complete relief from Value Added Tax both on its purchases and on its sales.
      Daily Telegraph 22 March 17/4
    2. 1987
      A firm selling zero-rated items is a registered taxpayer..and can therefore receive credits for taxes paid on purchases.
      C. E. McLure & M. A. Bloomfield, Value-added Tax vi. 72
    3. 2010
      About £24bn could be raised by extending the current 17.5 per cent VAT rate to zero-rated items and domestic fuel.
      Financial Times 7 June 4/5

Originally published as part of the entry for zero, n. & adj.

zero, n. & adj. was revised in June 2018.