3 ms·
There is no tax harmonization in the EU, or even the Eurozone.
by topbanana 13y ago
There is no tax harmonization in the EU, or even the Eurozone.
- petercooper 13y agohttp://en.wikipedia.org/wiki/European_Union_value_added_tax http://en.wikipedia.org/wiki/European_Union_value_added_tax It doesn't appear to be a very strong harmonization, but it's an attempt at harmonization: "EU member states are each required to adopt a value added tax that complies with the EU VAT code."
- _delirium 13y agoYeah, the EU's main interest in this is facilitating cross-border sales in the "single market". Countries can still levy whatever VAT they want on whatever items they want, but they are supposed to be moving towards a common set of terms and definitions for specifying it. The intent is that the UK can exempt books from VAT while Denmark charges 25% VAT on books, but both should at least agree on what constitutes a "book". I would think harmonizing what constitutes a "voucher" should also fall under the intent of the process.