Zero-rated goods and services, eg most food and children’s clothes. The standard rate of VAT increased to 20% on 4 January 2011 (from 17.5%). Some things are exempt from VAT, eg postage stamps, financial and property transactions. The VAT rate businesses charge depends on their goods and services. Government has proposed that white bread flour, cake flour and sanitary pads should be included in the basket of zero-rated VAT items from April 1, 2019. but sound 6.3.2020 . Ramaphosa This video lecture will provide a brief overview of Zero rated supplies, Going concern (with an example) and Exempt supplies. 2020 TL103 VAT Part III - Output Tax: Zero-rated, Going concern