Jump to Content Jump to Main Navigation


Core Tax Annual: VAT: 2014/15

The difference between exemption and zero-rating

In Chapter 1: How VAT works—an outline of the system

Core Tax Annual: VAT: 2014/15

Andrew Needham
Bloomsbury Professional
Ninth edition
Publication Date:
Law As Stated At:
1 August 2014
1.9 The difference between zero-rating and exemption is important because of its impact on input tax recovery. Exemption is not a rate of tax. Thus, although the ...
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.