CHP VAT DISCOUNT EU COUNCIL OF MINISTERS – EUROPEAN PARLIAMENT CHP RENEWABLE ENERGY COMBINATION CALL
February 1st, 2006
BY KEITH NUTHALL
EUROPEAN Union (EU) finance ministers have agreed to add district heating to the list of sectors for which member states can levy an optional reduced 5.5% VAT rate until 2010. The agreement was struck after Poland lifted its opposition to a deal following a dispute over social housing VAT. The European Association for the Promotion of Cogeneration (COGEN Europe) said: "The inclusion of district heating (as a low rate) option...is an important victory for the European cogeneration sector as a whole". It said the French and Portuguese ...
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