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GLOSSARY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z           Abbreviations

Z . . .

Zero Dividend Preference Shares. A share with a predetermined growth rate, but which does not pay dividends.

Zero Rated. Goods (such as food, books and periodicals) taxed at the lowest, nil, band of VAT. A supplier can reclaim VAT paid in the course of production. All exports are zero rated. Do not confuse with exempt supplies.

GLOSSARY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z           Abbreviations


REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.


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