The ECOFIN council has agreed a VAT directive amendment to make permanent the current minimum standard VAT rate of 15% across the EU. The directive was adopted at the council meeting on 22 June.
The ECOFIN council has agreed a VAT directive amendment to make permanent the current minimum standard VAT rate of 15% across the EU. The directive was adopted at the council meeting on 22 June.
A 15% minimum standard rate has been maintained on a provisional basis since VAT rules for the EU single market were first applied in 1993. It was last extended in May 2016 for two years, expiring on 31 December 2017.
The ECOFIN council has agreed a VAT directive amendment to make permanent the current minimum standard VAT rate of 15% across the EU. The directive was adopted at the council meeting on 22 June.
The ECOFIN council has agreed a VAT directive amendment to make permanent the current minimum standard VAT rate of 15% across the EU. The directive was adopted at the council meeting on 22 June.
A 15% minimum standard rate has been maintained on a provisional basis since VAT rules for the EU single market were first applied in 1993. It was last extended in May 2016 for two years, expiring on 31 December 2017.
