VAT RATES
September 1st, 2002
BY JONATHAN THOMSONCYCLE repairers in the UK will have to wait another 12 months before finding out if the European Commission intends to expand a reduced rate of VAT scheme that is currently enjoyed by only a handful of Member States.In 1999 the Commission introduced an experimental directive allowing EU countries to choose whether or not to apply a reduced rate of VAT in respect of certain "labour intensive services,' in a bid to create jobs. These services included cycle repairs, house repairers, hairdressers and window cleaners. However, only three Member ...
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