EU MINISTERS EXTEND LOW RATE VAT TO LEATHER REPAIRS
March 1st, 2009
BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have voted to allow all 27 EU member states to charge low rate VAT on leather goods repair services in future. Although this formal right should be introduced from January 2011, the vote makes it unlikely that the European Commission would prevent earlier VAT rate reductions. A communiqué released by the EU Council of Ministers (finance) following the vote (March 10) said low rate VAT - maybe as low as 5% - could be applied to "minor repairing leather goods (including mending and alteration)". The aim is ...
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