25/05/2016 (Agence Europe) - Normal VAT rate is now 15% for another two years. The directive adopted by the Council of the EU on Wednesday 25 May extends normal VAT rates from 1 January 2016 to 31st of December 2017. This extension has been made to guarantee legal security, given the ongoing discussions on rules for a single VAT area in the Union (see EUROPE 11509). This 15% rate seeks to prevent any excessive drift in VAT rates applied by member states, as well as structural imbalances or...