Out of a total of 64 derogations from value added tax (VAT) rates, Luxembourg, Ireland and Italy alone cover 75% of them, revealed a European Commission report published on Tuesday 14 October.
The remainder concerns seven other Member States: Malta, Cyprus, Greece, France, Portugal, Spain and Austria. There are 54 different types of transaction, and over 90% of derogations concern the application of super-reduced rates and parking rates.
The housing and construction sector dominates the...