[ zeer-oh-reyt ]
/ ˈzɪər oʊˌreɪt /
verb (used with object), ze·ro-rat·ed, ze·ro-rat·ing. Chiefly British.
to exempt (merchandise or services) from value-added tax.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for zero-rated
adjective (zero rated when postpositive)
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