3 ms·
The EU doesn't mandate any rate of VAT, just how it gets applied if you do have it. Governments are free to exempt classes of goods from VAT (except on the basi
by Macha 4y ago
The EU doesn't mandate any rate of VAT, just how it gets applied if you do have it. Governments are free to exempt classes of goods from VAT (except on the basis of national origin, as that would go against the EU free trade rules), and could even set the headline rate to 0 if they wanted.
- masklinn 4y agoThat’s not quite true, the PVD very much intends to set a minimum rate of 5%, zero-rating is considered an exemption / derogation, and usually only allowed for continuing pre-EU zero rating.