913. Meaning of 'zero-rated supply'; zero-rated groups of supplies: in general.

Where a taxable person supplies goods or services and the supply is zero-rated, then, whether or not VAT would otherwise be chargeable, no VAT is charged on the supply, but it is in all other respects treated as a taxable supply, and accordingly the rate at which VAT is treated as charged on the supply is nil1. A supply of goods or services is zero-rated if the goods or services are of a description for the time being specified in Schedule 8 to the Value Added Tax Act 1994, or the supply is of a description for the time