MEPS OPPOSE SLASHING OF VAT RATES ON RESTAURANT ALCOHOL

BY KEITH NUTHALL

THE EUROPEAN Parliament has narrowly opposed allowing European Union (EU) member states to levy reduced VAT rates on alcohol served in restaurants, rather than the full rate currently mandated under EU law. Under proposals from the European Commission to widen the scope of low rate VAT in labour intensive industries, restaurant food will be included. However MEPs rejected an amendment calling for served drinks to be included too. However, given the rate cut could promote restaurants, drinks sales should benefit. A parliament ...


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