单词 | exemption clauses |
释义 | exempt /ig-zemptˈ or -zemtˈ/transitive verb
ORIGIN: Fr, from L eximere, exemptum, from ex from, and emere to buy exempˈtion noun
exemption clause noun A contractual term or notice which attempts to exclude or restrict a person's liability exempt rating noun A rating by which a business is exempted from charging or reclaiming VAT on the goods it supplies, the goods concerned being themselves exempted from VAT (see also zero-rating under zero) exempt supplies plural noun Goods or services supplied by a business on which VAT is not allowed to be charged |
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