MEPS OPPOSE SLASHING OF VAT RATES ON RESTAURANT ALCOHOL
February 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Parliament has narrowly opposed allowing all European Union (EU) member states to levy reduced VAT rates on alcohol served in restaurants, rather than the generally mandated full rate. Under proposals from the European Commission to boost labour intensive industries, restaurant food will become a low-rate option for all countries. However MEPs rejected an amendment calling for served drinks to be included too. EU taxation Commissioner László Kovács said liberalising restaurant alcohol VAT was a bad idea "considering the ...
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