standard-rated Meaning in the Cambridge English Dictionary
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Meaning of “standard-rated” in the English Dictionary

"standard-rated" in Business English

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standard-ratedadjective

uk   us   TAX
relating to ​goods and ​services for which the ​normallevel of a particular ​tax must be ​paid: UK ​suppliers must ​charge standard-rated ​VAT.
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(Definition of standard-rated from the Cambridge Business English Dictionary © Cambridge University Press)
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