ECONOMY - FINANCE - BUSINESS / Taxation

Political agreement at Council on three VAT directives

Luxembourg, 02/10/2018 (Agence Europe)

In Luxembourg on Tuesday 2 October, the Council of the European Union reached a unanimous political agreement on three legislative texts concerning value-added tax (VAT).

With effect from December this year, the member states will be permitted to apply reduced rates of VAT - in other words, less than 15% - to electronic publications (books, journals, periodicals), to re-establish equal treatment with physical publications (see EUROPE 11750). However, only countries that already apply...