Exempt

UK VAT exemption

VAT exempt goods and services are ones which are outside the scope of VAT.

Tax exemption

More generally in taxation, tax exempt assets or transactions are those outside the scope of all taxes or outside the scope of a particular tax.

Regulatory and legal exemption

In regulation and law generally, exempt entities, assets or transactions are ones outside the scope of particular regulations or laws.

See also

• Chargeable income
• Exempt approved status
• Exempt gain
• Exempt income
• Exemption clause
• Income Tax
• Lower rated
• Partial exemption
• Standard rated
• VAT
• Zero rated