VAT REDUCTIONS
September 1st, 2002
Keith Nuthall
COMPANIES and sole traders that alter and mend household linen, clothing and shoes have been granted the option of having another year of reducing VAT on their services by the European Commission. Brussels has decided to extend an experimental scheme, which allows Belgium, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Portugal and Britain to reduce VAT on specified labour-intensive services to boost jobs.
COMPANIES and sole traders that alter and mend household linen, clothing and shoes have been granted the option of having another year of reducing VAT on their services by the European Commission. Brussels has decided to extend an experimental scheme, which allows Belgium, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Portugal and Britain to reduce VAT on specified labour-intensive services to boost jobs.
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