Brussels, 08/10/2012 (Agence Europe) - On Monday 8 October, the European Commission launched a public consultation exercise on the impact of changes in the EU reduced-rate VAT rules. The consultation will run until 3 January 2013 and is part of the wider work being done to fundamentally reform the EU VAT system, in order to make it simpler, more efficient and more robust. The current EU VAT system is highly complex with a raft of exemptions to the list of goods and services for which the EU...