LOW VAT RATES
December 1st, 2003
BY KEITH NUTHALL
THE EUROPEAN Commission has performed a U-turn and has asked European Union (EU) ministers to extend for two years a pilot scheme allowing Belgium, Luxembourg, the Netherlands and Greece to continue levying reduced VAT rates (of six per cent and eight per cent for Greece) on small services for repairing and altering household linen, and clothing. Brussels earlier this year wanted the scheme to end this month, but has changed its mind following requests from ministers and MEPs.
THE EUROPEAN Commission has performed a U-turn and has asked European Union (EU) ministers to extend for two years a pilot scheme allowing Belgium, Luxembourg, the Netherlands and Greece to continue levying reduced VAT rates (of six per cent and eight per cent for Greece) on small services for repairing and altering household linen, and clothing. Brussels earlier this year wanted the scheme to end this month, but has changed its mind following requests from ministers and MEPs.
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