10 January 2022Newsletters and Updates
The European Commission has agreed a number of measures to provide Member States additional flexibility to amend VAT rates for particular goods or services.
The measures have been passed to the European Parliament for approval. The existing discretion available to Member States to set their domestic standard rate (within a range published by the EU) and to determine which goods or services from a central EU wide list are reduced or nil rate, will both remain in place.
For more information on this topic, or if you require any advice please get in contact with a member of the VAT and Customs Duty team.