ECONOMY - FINANCE / (ae) taxation

Two options being looked into for reduced VAT rates

Brussels, 07/03/2016 (Agence Europe) - The European Commission is reported to be looking into two options for reduced VAT rates. In an action plan for a definitive VAT scheme, which is scheduled for publication on 16 March, the Commission is to tackle the issue of reduced rates, two sources told EUROPE on Monday 7 March.

Under current rules, states may not apply a zero rate to a product, unless all the other states give their consent. This is a particularly contentious point for the United...