Brussels, 06/05/2003 (Agence Europe) - The European Commission has presented a draft directive to apply VAT to all postal services, while allowing Member States to apply a reduced level of VAT for letters and small parcels. The new legislation would amend the 6th VAT Directive.
According to the Commission, the current system dates back to the 1970s before the liberalisation of postal services and leads to competitive distortions between public and private companies. On the one hand,...